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Research Article

Technology balance of payments and countries’ international competitiveness. A dynamic panel data analysis of OECD countries, 2000-2017

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ABSTRACT

This study investigates the impact of Technology Balance of Payments (TBP) on countries’ international competitiveness. Using dynamic panel data estimations for 26 OECD countries over the period 2000–2017, the estimations unambiguously show that a TBP surpluses significantly foster countries’ international competitiveness, regardless of how this latter is measured.

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Disclosure statement

No potential conflict of interest was reported by the authors.

Notes

1 See ‘xtdpdsys – Arellano–Bover/Blundell–Bond linear dynamic panel-data estimation’, in https://www.stata.com/manuals/xtxtdpdsys.pdf, last accessed on July 2019.

Additional information

Funding

The research of the first author has been financed by the European Regional Development Fund through COMPETE 2020 – Programa Operacional Competitividade e Internacionalização (POCI) and by Portuguese public funds through FCT (Fundação para a Ciência e a Tecnologia) in the framework of the project [POCI-01-0145-FEDER- 006890].

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