Schumpeterian loops in international trade: the evidence of the oecd countries

Cristiano Antonelli and Christophe Feder

Journal of Evolutionary Economics, 2021, vol. 31, issue 3, No 3, 799-820

Abstract: Abstract The paper shows how and why international trade and endogenous technological change are part of a Schumpeterian loop in advanced countries. Imports stir the creative response of firms exposed to global competition and engender the introduction of productivity-enhancing innovations that are contingent upon the knowledge and competence available in each industry. The introduction of new industry-specific technologies augments both productivity and exports. The long-term empirical evidence of the manufacturing industries of 13 OECD countries from 1995 to 2015 fully confirms the Schumpeterian loop.

Keywords: Heckscher-Ohlin; Localized learning; Creative response; Industry-specific technological change (search for similar items in EconPapers)
JEL-codes: F12 O33 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s00191-021-00725-8

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