Technological Convergence and International Trade

Dan Ben-David () and Atiqur Rahman

No 275614, Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research

Abstract: This paper builds on earlier evidence showing that, while most countries exhibit little evidence of unconditional income convergence, countries that trade heavily with one another tend to exhibit a much higher incidence of convergence. Two alternative explanations for the trade-related convergence are explored here. The first alternative is that the trade-related income convergence is due to a convergence in capital-labor ratios. Little support is found for this explanation. The other alternative examined here is that of a trade-related convergence in technologies. This alternative is corroborated by a high incidence of convergence in total factor productivities among countries that trade heavily with one another - an outcome that is not common between these same countries when they are grouped randomly rather than on the basis of trade.

Keywords: Financial Economics; International Relations/Trade; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 28
Date: 1996-01
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Citations: View citations in EconPapers (17)

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Related works:
Working Paper: Technological Convergence and International Trade (1996)
Working Paper: Technological Convergence and International Trade (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:isfiwp:275614

DOI: 10.22004/ag.econ.275614

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