Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/26730 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorTeteryatnikova, Mariyaen
dc.date.accessioned2009-02-25-
dc.date.accessioned2009-07-29T13:30:37Z-
dc.date.available2009-07-29T13:30:37Z-
dc.date.issued2008-
dc.identifier.pidoi:10.30875/188c7b5a-en-
dc.identifier.urihttp://hdl.handle.net/10419/26730-
dc.description.abstractThis paper argues that different types of trade liberalization { multilateral versus regional { may lead to different R&D and productivity levels of firms. Trade agreements between countries are modelled with a network: nodes represent countries and a link between the nodes indicates the existence of a trade agreement. In this framework, the multilateral trade agreement is represented by the complete network while the overlap of regional trade agreements is represented by the hub-and-spoke trade system. Trade liberalization, which increases the network of trade agreements, reinforces the incentives for firms to invest in R&D through the creation of new markets (scale effect) but it may also dampen these incentives through the emergence of new competitors (competition effect). The joint action of these two effects within the multilateral and the regional trade systems gives rise to the result that, for the same number of direct trade partners, the R&D effort of a country in the multilateral agreement is lower than the R&D effort of a hub but higher than the R&D effort of a spoke. This suggests that a "core" country within the regional trade system has higher R&D and productivity level than a country with the same number of trade agreements within the multilateral system whereas the opposite is true for a "periphery" country. Additionally, the paper finds that while multilateral trade liberalization boosts productivity of all countries, regional trade liberalization increases productivity of core economies but may decrease productivity of periphery economies if the level of competition in the new trade partner countries of the periphery economy is "too high". Furthermore, the aggregate level of R&D activities within the multilateral trade agreement exceeds that in the star { the simplest representative of the hub-and-spoke trade system.en
dc.language.isoengen
dc.publisher|aWorld Trade Organization (WTO) |cGenevaen
dc.relation.ispartofseries|aWTO Staff Working Paper |xERSD-2009-03en
dc.subject.jelO31en
dc.subject.jelD85en
dc.subject.jelD43en
dc.subject.jelF13en
dc.subject.ddc330en
dc.subject.keywordTradeen
dc.subject.keywordmultilateralismen
dc.subject.keywordregionalismen
dc.subject.keywordR&Den
dc.subject.keywordnetworken
dc.subject.keywordoligopolistic competitionen
dc.subject.stwAußenwirtschaften
dc.subject.stwAußenhandelsliberalisierungen
dc.subject.stwHandelsabkommenen
dc.subject.stwInternationale Wirtschaftsbeziehungenen
dc.subject.stwHandelsregionalismusen
dc.subject.stwForschungen
dc.titleR&D in the network of international trade: Multilateral versus regional trade agreements-
dc.typeWorking Paperen
dc.identifier.ppn592489981en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:wtowps:ERSD200903en

Datei(en):
Datei
Größe
434.9 kB





Publikationen in EconStor sind urheberrechtlich geschützt.