Technological change, capital accumulation, and changing trade patterns over the long term

Edward N. Wolff

    Research output: Contribution to journalArticlepeer-review

    Abstract

    The paper considers the long-term changes in aggregate economic performance of OECD countries in the period from 1870 to 1987. The principal hypothesis is that relative export performance is directly related to relative gains in productivity, technology, and capital intensity. It is shown that technology variables are reasonably good predictors of aggregate export performance, and the conclusion is drawn that efforts to improve a country's productivity performance are very likely to improve the country's trade performance.

    Original languageEnglish (US)
    Pages (from-to)43-70
    Number of pages28
    JournalStructural Change and Economic Dynamics
    Volume6
    Issue number1
    DOIs
    StatePublished - Mar 1995

    Keywords

    • Capital accumulation
    • Productivity growth
    • Technology
    • Trade patterns

    ASJC Scopus subject areas

    • Economics and Econometrics

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