Effects of the European Monetary Union on High-Technology Exports
| العنوان: | Effects of the European Monetary Union on High-Technology Exports |
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| المؤلفون: | Mika Nieminen, Kari Heimonen, Timo Tohmo |
| المصدر: | Journal of Industry, Competition and Trade. 21:251-285 |
| بيانات النشر: | Springer Science and Business Media LLC, 2021. |
| سنة النشر: | 2021 |
| مصطلحات موضوعية: | Economics and Econometrics, yhteisvaluutta, high technology, huipputekniikka, taloudelliset vaikutukset, knowledge-based economy, 0502 economics and business, European integration, Economics, Bias correction, 050207 economics, exports, kansainvälinen kauppa, teknologiateollisuus, 050205 econometrics, Poisson pseudo-maximum likelihood, Knowledge economy, 05 social sciences, rahaliitot, International economics, vienti, euro, European monetary union, trade, Knowledge transfer, European Monetary Union, tietotalous, Common currency |
| الوصف: | Our study estimates the effects of the European Monetary Union (EMU) on high-technology (HT) export and assesses the potential knowledge spillovers of such trade. Irrespective of the importance of the HT trade channel, none of the previous studies in the literature focus on the effects of a common currency on HT trade. Increasing trade in the HT sector may lead to more efficient use of resources and help countries to move towards a knowledge-based economy. Moreover, it may lead to higher overall growth. After considering multilateral resistances, pair fixed effects and bias correction in the preferred (three-way bias-corrected) model, EMU membership becomes negative and statistically non-significant for HT exports. Furthermore, our findings indicate that the effect of the EMU on HT exports is country-specific, which lends support to the notion of non-homogenous knowledge transfer and country-related knowledge-based economic development within the EMU. |
| وصف الملف: | application/pdf; fulltext |
| تدمد: | 1573-7012 1566-1679 |
| الوصول الحر: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b8a9cf56b32b0f8a3c1c960c989ac590Test https://doi.org/10.1007/s10842-021-00354-8Test |
| حقوق: | OPEN |
| رقم الانضمام: | edsair.doi.dedup.....b8a9cf56b32b0f8a3c1c960c989ac590 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 15737012 15661679 |
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