How trade affects high-quality development through spillovers

Bibliographic Data

ID15067271
AuthorsKai Zhao (0000-0002-2394-486X, Huaqiao University, corresponding author), Wan-shu Wu (Huaqiao University), Jun-mei Ye (Huaqiao University)
Year2022
Volume35
Issue1
Pages6403-6421
Publication date2022-12-31
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2022.2048201
OpenAlexW4220986643
LanguageEN
References cited25

This paper derives the empirical estimation model from the endogenous economic growth theory, and tries to provide an effective and reasonable answer to the question ‘how trade affects high-quality development through spillovers’ from the perspective of spatial interdependence. Based on the data of 69 countries from 2000 to 2015, it is confirmed that there is an obvious spatial correlation between neighboring countries’ TFP, the TFP of geographical and economic neighboring countries shows ‘competition effect’, while the TFP of cultural neighboring countries shows ‘first spillover effect, then competition effect’. The R&D capital investment has no spatial effect on TFP of geographically or economically neighboring countries, but it has a significant ‘spillover effect’ on TFP of culturally neighboring countries. Technology spillovers caused by international trade are not only an important factor for countries to promote TFP, but also the core driving force to achieve high-quality development

Business · Economics · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Global trade and economics

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