What do rich countries trade with each other? R&D and the composition of U.S. and Swedish trade
DOI:
https://doi.org/10.13133/2037-3643/10931Keywords:
Trade, Comparative advantage, R&D, SpecialisationAbstract
One tradition in international economics explains international trade as a phenomenon caused by differing national comparative advantages arising from different states of development. This approach leads to the conclusion that under a catching-up hypothesis the amount of trade might be expected to diminish over time. The authors analyse trade between Sweden and the United States, emphasising the R&D component of trade. They conclude that specialisation has occurred in the R&D intensity of goods being traded and that this has increased the scope for trade.
JEL: F10
References
BLOMSTROM, MAGNUS, ROBERT E. LIPSEY, and LENNART OHLSSON (1989), Economie
Relations Between the U.S. and Sweden, Stockholm, Svenska HandeIsbanken and
The Federation of Swedish Industries.
BLOMSTROM, MAGNUS and ROBERT E. LIPSEY (1989), ('The Export Performance of U.S.
and Swedish MuItinationaIs", Review 01 Income and Wealth, Series 35, Number 3,
September.
BURENSTAM-LINDER, STAFFAN (1961), An Essay on Trade and Translormation, John WiIey
and Sons.
INTERNATIONAL MONETARY FUND (1981), Direction 01 Trade Statistics Yearbook, Washington,
D.C.
INTERNATIONAL MONETARY FUND (1984), Direction 01 Trade Statistics Yearbook.
INTERNATIONAL MONETARY FUND (1987), Direetion 01 Trade Statistics Yearbook.
INTERNATIONAL MONETARY FUND (1989), Direction 01 Trade Statistics Yerbook.
KRAVIS, IRVING B. and ROBERT E. lIPSEY (1989), "TechnoIogical Characteristics of
Industries and the Competitiveness of the U.S. and its MultinationaI Firms", NBER
Working Paper 2933.
LEAGUE OF NATIONS (1945), Industrialization and Foreign Trade, by Folke Hilgerdt,
Geneva, League of Nations.
LEONTIEF, WASSILY (1953), "Domestic Production and Forelgn Trade: The American
CapitaI Position Re-examined", Proceedings 01 the American Philosophical Socìety,
Septetnber, pp. 332-349.
MOMIGLIANO, FRANCO, and DOMENICO SINISCALCO (1984), "Technology and Inter"
nationaI Specialization", in this Review, No. 150, September.
OECD (1986), OECD Scìence and Technology Indicators No.2, R&D, Invention, and
Competitiveness, Paris.
OECD (1988), Main Science and Technology Indieators, 1981"87, Paris.
OHLSSON, LENNART and LARS VINELL (1987), Tillvaxtens Drivkralter. En Studie av
Industriers Framtidsvillkor, StockhoIm, Industriforbundet.
ROBERTSON, DENNIS A. (1938), "The Future of Intel'OationaI Trade", Economie Journal,
March.
TORRENS, ROBERT (1821), Essay on the Produetion 01 Wealth, London.
UNITED NATIONS (1976a), Monthly Bulletin 01 Statistics, Val. XXX, No.2, February.
UNITED NATIONS (1976b), Monthly Bulletin 01 Statistics, Val. XXX, No.8, August.
UNITED NATIONS (1988a), Monthly Bulletin of Statistics, VoI. XLII, No.2 February.
UNITED NATIONS (1988b), Monthly Bulletin 01 Statistics, VoI. XLII, No.3 March.
UNITED NATIONS (1988c), Monthly Bulletin 01 Statistics, VoI. XLII, No.5 May.
WARD, MICHAEL (1985), Purehasing Power Parities. and Real Expenditures in the OECD, Paris
Downloads
Published
How to Cite
Issue
Section
License
