Technology, investment and trade: empirical evidence for five Asia-Pacific countries

Gary Madden, Scott Savage () and Su Yin Thong

MPRA Paper from University Library of Munich, Germany

Abstract: Traditional models of international trade flows find that prices explain significant growth in export market shares. In the new international trade theory non-price factors are seen to be of great importance for the explanation of trade. Following Magnier and Toujas-Bernate (1994), this study introduces non-price factors, namely gross fixed investment and technology (number of patents accepted), into the export market share equation. Empirical estimation is carried out on five Asia-Pacific countries for the period 1978 to 1993. Results are similar to those of Magnier and Toujas-Bernate (1994) for the OECD, which show that non-price factors have played an important role in determining export market share during the last decade.

JEL-codes: O53 (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (9)

Published in Applied Economics Letters 6.6(1999): pp. 361-363

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Journal Article: Technology, investment and trade: empirical evidence for five Asia-Pacific countries (1999)
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