Innovation – The Key Factor in Global Trade Flow

Nicolae Moroianu () and Daniel Belingher
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Nicolae Moroianu: The Bucharest Academy of Economic Studies, Romania

Economia. Seria Management, 2011, vol. 14, issue 2, 304-309

Abstract: This paper presents in its first part several theoretical approaches on the impact that the innovative factor has globally on the trade circuit. The last part of the paper reveals a quantitative approach of this matter, using an econometric study, which emphasizes the gross expenditures allocated for R & D in European Union and also the exports level towards areas outside EU, during 2002-2009.

Keywords: innovation; research-development; trade. (search for similar items in EconPapers)
JEL-codes: O31 O32 O52 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:rom:econmn:v:14:y:2011:i:2:p:304-309

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