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R&D and manufacturing production specialisation in developed economies
[Zeitschriftenartikel]
Abstract A study of the relation between technology and manufacturing production specialisation in a series of developed economies is performed by means of models relating indicators of revealed symmetric comparative advantage of value added and exports to similar measures of comparative performance of R&D e... mehr
A study of the relation between technology and manufacturing production specialisation in a series of developed economies is performed by means of models relating indicators of revealed symmetric comparative advantage of value added and exports to similar measures of comparative performance of R&D expenditure, capital intensity, total factor productivity and wage costs. The production and R&D specialisation are shown to be substantial and sticky. This contrasts with the evidence of a substantial degree of convergence in the patterns of the other variables. Regression estimates show that, although all variables play their part, the impact of comparative R&D efforts on production specialisation is by far the strongest. This impact is found to be stronger in the smaller economies and it is especially important in research intensive industries. The influence of comparative wages is, moreover, found to be positive here, suggesting the dominance of a labour skill and efficiency wage effect over a wage cost competitiveness effect. These findings are shown to conform quite well with the predictions of Schumpeterian theory and of certain contributions to ‘new trade theory’ that have stressed the importance of dynamic economies of scale.... weniger
Thesaurusschlagwörter
Spezialisierung; Produktion; Innovation; Forschung und Entwicklung; Technologie; Fertigung
Klassifikation
Produktion, Fertigung
Management
Methode
historisch
Freie Schlagwörter
Production specialisation
Sprache Dokument
Englisch
Publikationsjahr
2008
Seitenangabe
S. 3009-3027
Zeitschriftentitel
Applied Economics, 40 (2008) 23
DOI
https://doi.org/10.1080/00036840600994013
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)