Trade in final goods and the impact of innovation
This paper analyses how innovations in imported final goods impact via terms of trade effects upon welfare growth in the domestic economy. It is shown that the impacts, although differing across countries, are quantitatively significant and worthy of further consideration.
Year of publication: |
2011
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Authors: | Añón Higón, Dolores ; Stoneman, Paul |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 3, p. 197-199
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Publisher: |
Elsevier |
Keywords: | Innovation Trade Total factor productivity growth |
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