Role of Technology in National Gain From International Trade

Liminița Vochița, Ramona Gruescu, Andreea Ciobanu and Andra Găină
Additional contact information
Liminița Vochița: University of Craiova, Romania
Ramona Gruescu: University of Craiova, Romania
Andreea Ciobanu: University of Craiova, Romania
Andra Găină: University of Craiova, Romania

Annals of the University of Petrosani, Economics, 2008, vol. 8, issue 2, 303-310

Abstract: This paper analyses how the technology transfer and development influence the country’s benefit from international trade. Knowledge developed in one country has positive effects on other countries through trade. Trade leads to the spread of international technology for three major reasons. First, technologically more sophisticated intermediate goods become available for production. Second, the technological specifications of intermediate and final goods developed abroad can be studied and the intrinsic knowledge can be acquired. Finally, trade favours person-to-person communication as an important vehicle of knowledge transfer. However, countries have different abilities to absorb technology developed elsewhere. A wide range of policies can be used to foster technological progress at the national level. The multilateral trading system (and international organizations more generally) can play a role in facilitating international technology transfers

Keywords: trade theories; technological progress; “incorrect” specialization; differential gains; policies to foster innovation; technological knowledge (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.upet.ro/annals/pdf/Annals-2008-Part2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:8:i:2:y:2008:p:303-310

Access Statistics for this article

More articles in Annals of the University of Petrosani, Economics from University of Petrosani, Romania
Bibliographic data for series maintained by Imola Driga ().