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

References

• Aiginger, K., and J. Vogel. 2015. “Competitiveness: from a Misleading Concept to a Strategy Supporting beyond GDP Goals.” Competitiveness Review 25 (5): 497–523.
   Web of Science ®Google Scholar
• Arellano, M., and S. Bond. 1991. “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.” Review of Economic Studies 58: 277–297.
   Web of Science ®Google Scholar
• Arellano, M., and O. Bover. 1995. “Another Look at the Instrumental Variable Estimation of Error-components Models.” Journal of Econometrics 68: 29–51.
   Web of Science ®Google Scholar
• Avallone, N., and S. Chédor. 2012. “Technological Profiles and Technology Trade Flows for Some European and OECD Countries.” International Business Research 5 (6): 24–35.
   Google Scholar
• Bodman, P., and T. Le. 2013. “Assessing the Roles that Absorptive Capacity and Economic Distance Play in the Foreign Direct Investment-productivity Growth Nexus.” Applied Economics 45 (8): 1027–1039.
   Web of Science ®Google Scholar
• Bond, S. R., A. Hoeffler, and J. Temple (2001) “GMM Estimation of Empirical Growth Models.” CEPR Discussion Paper Series: No. 3048.
   Google Scholar
• Bravo-Ortega, C., and Á. García Marín. 2011. “R&D and Productivity: A Two-way Avenue?” World Development 39 (7): 1090–1107.
   Web of Science ®Google Scholar
• Caramihai, M., N. M. Tănase, and A. A. Purcărea. 2017. “Proposals for Improving Innovation and Technology Transfer Policies in Romania.” Procedia Engineering 181: 984–990.
   Google Scholar
• Cibulskene, D., and A. Maciulyte-Sniukiene. 2014. “Evaluation of the Impact of Economic Openness on Labour Productivity in EU Countries.” Central and Eastern European Journal of Management and Economics 2 (4): 225–253.
   Google Scholar
• Ciocanel, A. B., and F. M. Pavelescu. 2015. “Innovation and Competitiveness in European Context.” Procedia Economics and Finance 32: 728–737.
   Google Scholar
• Coelho, J. M., C. I. Ferreira, and J. Veiga. 2011. “Measuring International Spread of Knowledge: the Portuguese Technology Balance of Payments” In Supplement to the Statistical Bulletin, edited by B. de Portugal and S. Department, 99–112. cap.5.
   Google Scholar
• Çokgüngör, H. Ö. 2015. “Is Turkey’s “technological Balance of Payments” Balanced?” Procedia-Social and Behavioral Sciences 195: 632–641.
   Google Scholar
• Dakhli, M., and D. De Clercq. 2004. “Human Capital, Social Capital, and Innovation: a Multi-country Study.” Entrepreneurship & Regional Development 16 (2): 107–128.
   Web of Science ®Google Scholar
• De Cata, A., E. Tosti, and S. Zappa. 2016. Italy’s Technology Balance of Payment, Year 2015. Roma: Banca d’Italia, Eurosystem.
   Google Scholar
• Dufrenot, G. J., and E. B. Yehoue (2005), “Real Exchange Rate Misalignment: A Panel Co-integration and Common Factor Analysis”, IMF Working Paper, WP/05/164, 1-38.
   Google Scholar
• Fagerberg, J. 1988. “International Competitiveness.” The Economic Journal 98 (391): 355–374.
   Web of Science ®Google Scholar
• Fagerberg, J. 1996. “Technology and Competitiveness.” Oxford Review of Economic Policy 12 (3): 39–51.
   Web of Science ®Google Scholar
• Farinha, L., S. Nunes, J. J. Ferreira, and A. Fernandes. 2018. “Understanding the Foundations of Global Competitive Advantage of Nations.” Competitiveness Review 28 (5): 503–517.
   Web of Science ®Google Scholar
• Goldin, C. 2015. “Human Capital.” In Handbook of Cliometrics, edited by C. E. Diebolt and M. Haupert, 55–86. Heidelberg, Germany: Springer Verlag.
   Google Scholar
• Hall, B. H., J. Mairesse, and P. Mohnen (2009), “Measuring the Returns to R&D”, NBER Working Paper No. 15622, 1-13.
   Google Scholar
• Horn, E. J. 1983. “Technological Balance of Payments and International Competitiveness. The Case of the Federal Republic of Germany.” Research Policy 12 (2): 91–103.
   Web of Science ®Google Scholar
• Howie, P. J., and E. J. Kleczyk (2007), “New Developments in Panel Data Estimation: Full-factorial Panel Data Model”, Annual Meeting, July 29-August 1, 2007, Portland, Oregon, No 9355, 1-13.
   Google Scholar
• Kharlamova, G., and O. Vertelieva. 2013. “The International Competitiveness of Countries: Economic-mathematical Approach.” Economics & Sociology 6 (2): 39–52.
   Google Scholar
• Lin, J. Y., W. C. Liao, and C. C. Tseng. 2016. “Effects of Technology Flows on Industrial Performance: the Contingent Role of Diversity of R&D Human Capital.” Journal of Business-to-Business Marketing 23 (2): 111–133.
   Web of Science ®Google Scholar
• Makin, A. J., and S. Ratnasiri. 2015. “Competitiveness and Government Expenditure: the Australian Example.” Economic Modelling 49: 154–161.
   Web of Science ®Google Scholar
• Matos, J. C., and J. M. Coelho (2010), “Challenges in Knowledge Intensive Services: the Technology Balance of Payments”, 2nd International Workshop/Sharing Best Practices in R&D Statistics, Lisbon, 28-29 June, 2010.
   Google Scholar
• Murphy, G., and I. Siedschlag (2012), “The Effect of Real Exchange Rate Changes on Labour Productivity Growth”, ESRI, Working Paper No. 439, 1-34.
   Google Scholar
• Nebig, T. S., and S. Wunsch-Vincent (2017), “A Missing Link in the Analysis of Global Value Chains: Cross-border Flows of Intangible Assets, Taxation and Related Measurement Implications”, Economic Research Working Paper nº 37, World Intellectual Property Organization (WIPO).
   Google Scholar
• NSTIPO. 2015. Thailand Science Technology and Innovation Profile 2014. Bangkok: Ministry of Science and Technology.
   Google Scholar
• OECD. 2009. Science, Technology and Industry Scoreboard. Paris: OCDE.
   Google Scholar
• Pak, C., and B. Ku. 2017. “The Impact of Technology Imports on Technology Balance of Payments in Korea: an ARDL Bounds Testing Approach.” Applied Economics Letters 24 (14): 1041–1045.
   Web of Science ®Google Scholar
• Patel, P., and K. Pavitt. 1995. “Patterns of Technological Activity: Their Measurement and Interpretation.” In Handbook of the Economics of Innovation and Technical Change, Cap. 2, edited by P. Stoneman, 14–51. Blackwell: London.
   Google Scholar
• Pilinkiene, V. 2016. “Trade Openness, Economic Growth and Competitiveness. The Case of the Central and Eastern European Countries.” Inzinerine Ekonomika-Engineering Economics 27 (2): 185–194.
   Web of Science ®Google Scholar
• Sánchez, M. P., and J. Vicens. 1991. “Recent Developments in the Export of Technology by Spanish Companies.” Science and Public Policy 18 (5): 281–293.
   Google Scholar
• Sirilli, G. 1991. “The Technological Balance of Payments as an Indicator of Technology Transfer in OECD Countries. The Case of Italy.” Technovation 11 (1): 3–25.
   Web of Science ®Google Scholar
• Wang, T. Y., S. C. Chien, and C. Kao. 2007. “The Role of Technology Development in National Competitiveness - Evidence from Southeast Asian Countries.” Technological Forecasting and Social Change 74 (8): 1357–1373.
   Web of Science ®Google Scholar
• Yanikkaya, H. 2003. “Trade Openness and Economic Growth: a Cross-country Empirical Investigation.” Journal of Development Economics 72: 57–89.
   Web of Science ®Google Scholar