The Influence of Exports on Technology Progress —— Empirical Study Based on Multinational Panel Data
Journal of Finance and Accounting
Volume 4, Issue 2, March 2016, Pages: 64-70
Received: Apr. 13, 2016; Published: Apr. 14, 2016
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Authors
Qiang Jiang, School of Economics, Shanghai University, Shanghai, China
Guangtong Wang, School of Economics, Shanghai University, Shanghai, China
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Abstract
Using DEA method, the paper measures the 19 economies’ total factor productivity in 1990-2012 including input of energy and mineral resources, and then empirically tests the influence of exports on technology progress based on Prebisch’s “Core and Periphery Theory”. Results indicate that exports of “peripheral” states hinder its technology progress, while “core” states’ exports promote its technology progress. The heterogeneity further reveals value chain division fixed by intra-product trade dominated by multinational corporations, and developing countries have been locked in Production and assembly process, developed countries manage the joint production of international production factors relying on technological superiority. The unfair distribution of value chain cause the economy growth of “peripheral” countries under enormous pressure, and the consumption and output of a large number of low-level production factor reduce the potential of its long-run economic growth.
Keywords
Core and Periphery Theory, Exports, Technology Progress, Value Chain Division
To cite this article
Qiang Jiang, Guangtong Wang, The Influence of Exports on Technology Progress —— Empirical Study Based on Multinational Panel Data, Journal of Finance and Accounting. Vol. 4, No. 2, 2016, pp. 64-70. doi: 10.11648/j.jfa.20160402.16
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