Innovation Diffusion and International Trade: The Relationship Between Mexico and the United States
DOI:
https://doi.org/10.29201/peipn.v4i7.267Keywords:
Innovation, diffusion, international trade, specialization, rate researchersAbstract
This paper analyses the long run relation among innovation, technological diffusion and international trade, based on the ricardian specialization model of Eaton y Kortum (2007). Particularly, we apply cointegration techniques for estimating the determinants of researchers’ rate in Mexico inside the commercial relationship with United States in the period 1980-2006, and hence to establish the existence of stable relations among the considered variables. The rate at which ideas are created in United States is considerably higher than the rate in the Mexican economy. Nevertheless, researcher productivity seems higher in Mexico, although with less effectiveness for reducing costs. Considering differences in the rate of ideas’ creation between both economies which, in turn, affects researchers’ rate, we argue that Mexican economy specializes in researching inside the low and medium technology sectors.
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