Uzagalieva, Ainura; Kočenda, Evžen; Menezes, Antonio - 2012
We analyze the role of innovation in the technological development of four new EU members: the Czech Republic, Hungary …-industrial bilateral trade flows, which proxy the level of technological progress, and innovation expenditures within the context of a … gravity model with a set of appropriate instrumental variables to account for the potential endogeneity of innovation to trade …