Abstract
Technology and Trade: Empirical Evidence for the Major Five Industrialized Countries. — The conclusion that prices alone cannot explain the major disturbances in trade market shares emerges from many empirical studies on international trade flows. This paper aims at introducing supply-side variables in market shares equations, namely R&D expenditures and gross fixed capital formation, along the lines of the new theory on international trade and of the literature on technology and trade relations. The empirical work is carried out on the major five industrialized countries and on twenty manufacturing industries. The results show that the supply-side variables have played a crucial role over the last decade.
Zusammenfassung
Technologie und Handel. Empirische Evidenz für die fünf wichtigsten Industrieländer. - Aus vielen Untersuchungen der internationalen Handelsströme ergibt sich, daß die Preise allein die größeren Verschiebungen in den Marktanteilen nicht erklären können. Die Verfasser versuchen, Variable für die Angebotsseite in die Gleichungen für die Marktanteile einzuführen, nämlich F&E-Ausgaben und die Kapitalbildung entsprechend der neuen Theorie des internationalen Handels und der Literatur über die Beziehungen zwischen Technologie und Handel. Der empirische Teil bezieht sich auf die fünf großen Industrieländer und auf zwanzig Industriezweige. Die Ergebnisse zeigen, daß die Variablen der Angebotsseite in der letzten Dekade eine entscheidende Rolle gespielt haben.
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