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

Edward N. Wolff

doi:10.1016/0954-349X(94)00003-R

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

Edward N. Wolff

Research output: Contribution to journal › Article › peer-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 language	English (US)
Pages (from-to)	43-70
Number of pages	28
Journal	Structural Change and Economic Dynamics
Volume	6
Issue number	1
DOIs	https://doi.org/10.1016/0954-349X(94)00003-R
State	Published - Mar 1995

Keywords

Capital accumulation
Productivity growth
Technology
Trade patterns

ASJC Scopus subject areas

Economics and Econometrics

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10.1016/0954-349X(94)00003-R

Cite this

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

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.",

keywords = "Capital accumulation, Productivity growth, Technology, Trade patterns",

author = "Wolff, {Edward N.}",

note = "Funding Information: 1 am extremely grateful for the comments of Nick von Tunzelmann and an anonymous referee. as well as those of participants in seminars at the National Research Council in Rome in May 1994 and the Conference. “200th Anniversary of Halle University,” Halle, Germany. in September 1994. I would also like to thank the C.V. Starr Center for Applied Economics at NYU and the Alfred P. Sloan Foundation for their support of the research reported herein. Copyright: Copyright 2014 Elsevier B.V., All rights reserved.",

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doi = "10.1016/0954-349X(94)00003-R",

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PY - 1995/3

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N2 - 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.

AB - 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.

KW - Capital accumulation

KW - Productivity growth

KW - Technology

KW - Trade patterns

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JO - Structural Change and Economic Dynamics

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

Abstract

Keywords

ASJC Scopus subject areas

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