Verspagen, Bart; Wakelin, Katharine - In: International Review of Applied Economics 11 (1997) 2, pp. 181-194
literature on trade and technology, we formulate a model in which 'real' factors such as R&D expenditures, investment and wage … competitiveness differs by sector. In many sectors, either R&D expenditures or wage costs are important. The results for investment … sector. We conclude the paper by a discussion of the relevance of the results for 'technology-based' theories of …