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The Impact of International Trade and FDI on Economic Growth and Technological Change

  • Patricia Hofmann

Part of the Contributions to Economics book series (CE)

Table of contents

  1. Front Matter
    Pages i-xxii
  2. Patricia Hofmann
    Pages 1-6
  3. Theoretical Foundations and Existing Empirical Evidence

  4. Empirical Contributions

  5. Back Matter
    Pages 269-301

About this book

Introduction

Economic globalisation and technological change are the two issues that concerned people in the past, concern them today and will concern them in the future - all over the world, poor or rich. Traditionally, questions about allocative effects are asked: What are the labour market implications? Who loses? Who wins? What is the net aggregate welfare effect after an adjustment period? However, two points are rarely taken into consideration: How do globalisation and technological change interact and what are the potential long-run implications for economic growth? This book addresses the interplay of these megatrends. It asks how economic globalisation may affect innovation and technology of individual firms and eventually the growth prospects of countries. Thereby it shows that protectionism not only harms static efficiency but might as well lead to dynamic losses. The book provides a systematic overview of the theoretical underpinnings of the openness-growth nexus and summarises the conceptual problems and important findings of the empirical analyses so far. The theoretical insights are supported by two empirical studies, the first dealing with the innovative behaviour and the “within-multinational” technology transfer of Spanish firms that were acquired by foreign companies and the second analysing productivity growth rate implications from exporting for German manufacturing firms.​

Keywords

Endogenous Growth Theory International Economics Long-Run Growth Effects Technological Change Trade Liberalization

Authors and affiliations

  • Patricia Hofmann
    • 1
  1. 1.Faculty of Business, Economics and Social SciencesUniversity of HohenheimStuttgartGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-34581-4
  • Copyright Information Springer-Verlag Berlin Heidelberg 2013
  • Publisher Name Physica, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-642-34580-7
  • Online ISBN 978-3-642-34581-4
  • Series Print ISSN 1431-1933
  • Buy this book on publisher's site
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