Export variety, technological content and economic performance: The case of Portugal

Industrial and Corporate Change

Volumn 26, Issue 3, 2017, Pages 443-465

  Rebelo, Francisco ^a   Silva, Ester G ^b  

^a CBQF CENTRO DE BIOTECNOLOGIA E QUÍMICA FINA LABORATÓRIO ASSOCIADO   (Portugal)

^b UNIVERSITY OF PORTO   (Portugal)

Author keywords

[No Author keywords available]

Indexed keywords

COINTEGRATION ANALYSIS; ECONOMETRICS; ECONOMIC GROWTH; ECONOMIC IMPACT; INTERNATIONAL TRADE; RESEARCH WORK; TECHNOLOGICAL DEVELOPMENT; TRADE PERFORMANCE;

PORTUGAL;

EID: 85024929003     PISSN: 09606491     EISSN: 14643650     Source Type: Journal    
DOI: 10.1093/icc/dtw026     Document Type: Article

References (97)

1. Abramovitz, M. (1986), 'Catching up, forging ahead, and falling behind,' The Journal of Economic History, 46(2), 385-406.
2. Afonso, O. and Aguiar A. (2005), 'A internacionalizaçao da economia,' in Lains P. and Silva A. F. (eds), História Económica de Portugal 1700-2000. OSéculo XX. Instituto de Cîencias Sociais da Universidade de Lisboa: Lisboa, pp. 305-441.
3. Aghion, P. and Howitt P. (1992), 'A model of growth through creative destruction,' Econometrica, 60(2), 323-351.
4. Agiomirgianakis, G., Asteriou D. and Monastiriotis V. (2002), 'Human capital and economic growth revisited: a dynamic panel data study,' International Advances in Economic Research, 8(3), 177-187.
5. Amador, J., Cabral S., and Maria J. R. (2007), 'International trade patterns over the last four decades: how does Portugal compare with other cohesion countries?'Working Papers 14/2007, Banco de Portugal: Lisboa.
6. Amendola, M. and Gaffard J. L. (1998), Out of Equilibrium. Clarendon Press: Oxford.
7. Bassanini, A. and Scarpetta S. (2001), 'Does human capital matter for growth in OECD countries? Evidence from pooled mean-group estimates', OECD Economics DepartmentWorking Papers No. 282, OECD Publishing.
8. Beaudry, C. and Schiffauerova A. (2009), 'Who's right, Marshall or Jacobs? The localization versus urbanization debate,' Research Policy, 38, 318-337.
9. Bishop, P. and Gripaios P. (2010), 'Spatial externalities, relatedness and sector employment growth in Great Britain,' Regional Studies, 44(4),443-454.
10. Boschma, R. A. (1999), 'The rise of clusters of innovative industries in Belgium during the industrial epoch,' Research Policy, 28, 853-871.
11. Boschma, R. and Iammarino S. (2009), 'Related variety, trade linkages, and regional growth in Italy,' Economic Geography, 85(3), 289-311.
12. Boschma, R., Minondo R. and Navarro M. (2012), 'Related variety and regional growth in Spain,' Papers in Regional Science, 91(2), 241-257.
13. Bryce, D. and Winter S. (2009), 'A general interindustry relatedness index,' Management Science, 55(9), 1570-1585.
14. Cabral, M. H. C. (2008), 'Export diversification and technological improvement: recent trends in the Portuguese economy', GEE Papers No. 6, Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovaçao.
15. Castaldi, C., Frenken K. and Los B. (2015), 'Related variety, unrelated variety and technological breakthroughs: an analysis of US State-Level Patenting,' Regional Studies, 49, 767-781. DOI:10.1080/00343404.2014.940305.
16. Ciccone, A. and Papaioannou E. (2009), 'Human capital, the structure of production, and growth', The Review of Economics and Statistics, 91(1), 66-82.
17. Combes, P. P. (2000), 'Economic structure and local growth: France, 1984-199,' Journal of Urban Economics, 47(3), 329-355.
18. De Long, J. B. and Summers L. H. (1991), 'Equipment investment and economic growth,' The Quarterly Journal of Economics, 106(2),445-502.
19. Deidda, S., Paci R. and Usai S. (2006), 'Spatial externalities and local economic growth', Contribiti di Ricerca No. 02/06. Centro Ricerche Economiche Nord Sud (CRENoS): Cagliari.
20. Dibooglu, S. and Enders W. (1995), 'Multiple cointegrating vectors and structural economic models: an application to the French Franc/U.S. Dollar exchange rate,' Southern Economic Journal, 61(4), 1098-1116.
21. Dickey, D. and Fuller W. (1979), 'Distribution of the estimates for autoregressive time series with a unit root,' Journal of the American Statistical Association, 74(366), 427-431.
22. Dickey, D. and Fuller W. (1981), 'Likelihood ratio statistics for autoregressive time series with a unit root,' Econometrica, 49(4), 1057-1072.
23. Dosi, G. (1982), 'Technological paradigms and technological trajectories: a suggested interpretation of the determinants and directions of technical change,' Research Policy, 11, 147-162.
24. Engle, R. and Granger C. (1987), 'Co-integration and error correction: representation, estimation, and testing,' Econometrica, 55(2),251-276.
25. European Commission. (2013), 'Employment and Social Developments in Europe 2012,' Commission Staff Working Document, Volume VIII/IX, European Commission, Brussels.
26. Evangelista, R. and Vezzani A. (2012), 'The impact of technological and organizational innovations on employment in European firms,' Industrial and Corporate Change, 21(4), 871-899.
27. Fernandes, A. L. C. and Mota P. R. (2011), 'The roots of the Eurozone sovereign debt crisis: PIGS vs non-PIGS,' Panoeconomicus, 58(5), 631-649.
28. Freeman, C. C. and Perez C. (1988), 'Structural crisis of adjustment, business cycles and investment behaviour,' in: Dosi, G. et al. (eds), Technical Change and Economic Theory. Pinter Publishers: London.
29. Freitas, M. L. and Mamede R. P. (2011), 'Structural transformation of Portuguese exports and the role of foreign-owned firms: a descriptive analysis for the period 1995-2005,' Notas Económicas, 33, 20-43.
30. Frenken, K. (2007), 'Entropy statistics and information theory', in Hanusch H. and Pyka A. (eds), Elgar Companion to Neo- Schumpeterian Economics. Edward Elgar: Cheltenham, UK.
31. Frenken, K., Izquierdo L. R. and Zeppini P. (2012), 'Branching innovation, recombinant innovation, and endogenous technological transitions,' Environmental Innovation and Societal Transitions, 4, 25-35.
32. Frenken, K., Van Oort F. and Verburg T. (2007), 'Related variety, unrelated variety and regional economic growth,' Regional Studies, 41(5), 685-697.
33. Gaulier, G., Lemoine F. and Unal Kesenci D. (2007), 'China's integration in East Asia: production sharing, FDI and high-tech trade,' Economic Change and Restructuring, 40(1-2), 27-63.
34. Glaeser, E. L., Kallal H., Scheinkman J. and Shleifer A. (1992), 'Growth in cities,' Journal of Political Economy, 100, 1126-1152.
35. Granger, C. (1981), 'Some properties of time series data and their use in econometric model specification,' Journal of Econometrics, 16, 121-130.
36. Granger, C. and Newbold P. (1974), 'Spurious regressions in econometrics,' Journal of Econometrics, 2, 111-120.
37. Greunz, L. (2004), 'Industrial structure and innovation - evidence from European regions,' Journal of Evolutionary Economics, 14, 563-592.
38. Grossman, G. and Helpman E. (1991), Innovation and Growth in the Global Economy. MIT Press: Cambridge, MA.
39. Handa, J. (2009), Monetary Economics. Routledge: New York, NY.
40. Hansen, B. E. (1992), 'Testing for parameter instability in regressions with I(1) processes,' Journal of Business and Economic Statistics, 10(3), 321-335.
41. Hartog, M., Boschma R. and Sotarauta M. (2012), 'The impact of related variety on regional employment growth in Finland 1993- 2006: high-tech versus medium/low-tech,' Industry and Innovation, 19(6), 459-476.
42. Hausmann, R., Hwang J. and Rodrik D. (2007), 'What you export matters,' Journal of Economic Growth, 12, 1-25.
43. Hausmann, R. and Hidalgo C. (2011), 'The network structure of economic output,' Journal of Economic Growth, Springer, 16(4), 309-342.
44. Heidenreich, M. (2009), 'Innovation patterns and location of European low- and medium-technology industries,' Research Policy, 38, 483-494.
45. Henderson, V., Kuncoro A. and Turner M. (1995), 'Industrial development in cities,' Journal of Political Economy, 103, 1067-1085.
46. Herrerias, M. J. and Orts V. (2012), 'Equipment investment, output and productivity in China,' Empirical Economics, 42(1), 181-207.
47. Hidalgo, C. A., Klinger B., Barabási A. L. and Hausmann R. (2007), 'The product space conditions the development of nations,' Science, 317(5837), 482-487.
48. Hirschman, A. O. (1958), The Strategy of Economic Development. Yale University Press: New Haven.
49. Jacobs, J. (1969), The Economy of Cities. New York: Vintage.
50. Johansen, S. (1988), 'Statistical analysis of cointegration vector,' Journal of Economic Dynamics and Control, 12, 231-254.
51. Johansen, S. (1991), 'Estimation and hypothesis testing of cointegrating vectors in Gaussian vector autoregressive models,' Econometrica, 59(6), 1551-1580.
52. Johansen, S. and Juselius K. (1990), 'Maximum likelihood estimation and inference on cointegration with application to the demand for money,' Oxford Bulletin of Economics and Statistics, 52(2), 169-210.
53. Jones, C. I. and Romer P. M. (2010), 'The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital,' American Economic Journal: Macroeconomics, 2(1), 224-245.
54. Kleinknecht, A., Montfort K. and Brouwer E. (2002), 'The non-trivial choice between innovation indicators,' Economics of Innovation and New Technology, 11(2), 109-121.
55. Klenow, P. J. and Rodriguez-Clare A. (2005), 'Externalities and growth,' in Aghion P. and Durlauf S. (eds), Handbook of Economic Growth. Elsevier: Amsterdam.
56. Kruger, J. (2008), 'Productivity and structural change: a review of the literature,' Journal of Economic Surveys, 22(2), 330-363.
57. Leite, A. N. (2010), 'A internacionalizaçao da economia portuguesa,' Relaçoes Internacionais, 28, 119-132.
58. Lopes, J. S. (2004), A Economia Portuguesa no Século XX. Instituto de Cîencias Sociais da Universidade de Lisboa: Lisboa.
59. Loschky, A. (2008), 'Reviewing the nomenclature for high-technology trade - the sectoral approach', STD/SES/WPTGS 2008/9, OECD.
60. Lucas, R. E. (1988), 'On the mechanics of economic growth,' Journal of Monetary Economics, 22, 3-42.
61. MacKinnon, J. (1996), 'Numerical distribution functions for unit root and cointegration tests,' Journal of Applied Econometrics, 11(6), 601-618.
62. MacKinnon, J., Haug A. and Michelis L. (1999), 'Numerical distribution functions of likelihood ratio tests for cointegration,' Journal of Applied Econometrics, 14(5), 563-577.
63. Malerba, F. and Orsenigo L. (1997), 'Technological regimes and sectoral patterns of innovative activities,' Industrial and Corporate Change, 6(1), 83-118.
64. Mameli, F., Iammarino S. and Boschma R. (2012), 'Regional variety and employment growth in Italian labour market areas: services versus manufacturing industries', Papers in Evolutionary Economic Geography 12.03, Utrecht University: Utrecht.
65. Mateus, A. (2006), Economia Portuguesa: Crescimento no Contexto Internacional (1910-2006). Editorial Verbo: Lisboa, Portugal.
66. Neffke, F. and Henning M. (2013), 'Skill relatedness and firm diversification,' Strategic Management Journal, 34, 297-316.
67. Newey, W. and West K. (1994), 'Automatic lag selection in covariance matrix estimation,' Review of Economic Studies, 61, 631-653.
68. Nurkse, R. (1962), Patterns of Trade and Development. B. Blackwell: Oxford.
69. O'Mahony, M. and Vecchi M. (2009), 'R&D, knowledge spillovers and company productivity performance,' Research Policy, 38, 35-44.
70. OECD (2002), The Measurement of Scientific and Technological Activities. Proposed Standard Practice for Surveys on Research and Experimental Development - Frascati Manual. OECD Publications: Paris, France.
71. OECD (2013), 'Protecting jobs, enhancing flexibility: a new look at employment protection legislation', in OECD Employment Outlook 2013, OECD Publishing. http://dx.doi.org/10.1787/empl_outlook-2013-6-en
72. Paci, R. and Usai S. (1999), 'Externalities, knowledge spillovers and the spatial distribution of innovation, ' GeoJournal, 49(4),381-390.
73. Paci, R. and Usai S. (2000), 'The role of specialisation and diversity externalities in the agglomeration of innovative activities,' Rivista Italiana Degli Economisti, 2,237-268.
74. Paci, R. and Batteta E. (2003), 'Innovation networks and knowledge flows across the European Regions,' Working Paper CRENoS 200313, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
75. Pack, H. (1994), 'Endogenous growth theory: intellectual appeal and empirical shortcomings,' Journal of Economic Perspectives, 8(1), 55-72.
76. Pasinetti, L. (1981), Structural Change and Economic Growth: a Theoretical Essay on the Dynamics of the Wealth of Nations. Cambridge University Press: Cambridge, UK.
77. Pasinetti, L. (1993), Structural Economic Dynamics: A Theory of the Economic Consequences of Human Learning. Cambridge University Press: Cambridge, UK.
78. Pavitt, K. (1984), 'Sectoral patterns of technical change: towards a taxonomy and a theory,' Research Policy, 13, 343-373.
79. Phillips, P. and Perron P. (1988), 'Testing for a unit root in time series regression,' Biometrika, 75(2),335-346.
80. Pinheiro, M. (ed.) (1997), Séries Longas para a Economia Portuguesa. Pós II Guerra Mundial, vol. I Séries Estatísticas: Lisbon, Banco de Portugal.
81. Porter, M. E. (1998), 'Clusters and the new economics of competition,' Harvard Business Review, 76(6), 77-90.
82. Quatraro, F. (2010), 'Knowledge coherence, variety and economic growth: manufacturing evidence from Italian regions,' Research Policy, 39, 1289-1302.
83. Rao, B. (1994), Cointegration: for the Applied Economist. Palgrave Macmillan: Basingstoke, UK.
84. Romer, P. M. (1990), 'Endogenous technological change,' Journal of Political Economy, 98(5), S71-S102.
85. Rosenstein-Rodan, P. N. (1943), 'Problems of industrialisation of eastern and south-eastern Europe,' The Economic Journal, 53, 202-211.
86. Saviotti, P. P. (2003), 'On the policy implications of variety growth for developing and industrializing countries,' in Cassiolato J., Lastres H. and Maciel, M. (eds), Systems of Innovation and Development: Evidence from Brazil. Edward Elgar: Cheltenham, UK.
87. Saviotti, P. P. and Frenken K. (2008), 'Export variety and the economic performance of countries,' Journal of Evolutionary Economics, 18, 201-218.
88. Saviotti, P. P. and Pyka A. (2004), 'Economic development by the creation of new sectors,' Journal of Evolutionary Economics, 14, 1-35.
89. Saviotti, P. P. and Pyka A. (2004), 'Economic development, qualitative change and employment creation,' Structural Change and Economic Dynamics, 15(3), 265-287.
90. Silva, E. G. and Teixeira A. A. C. (2008), 'Surveying structural change: seminal contributions and a bibliometric account,' Structural Change and Economic Dynamics, 19, 273-300.
91. Silva, E. G. and Teixeira A. A. C. (2011), 'Does structure influence growth? A panel data econometric assessment of 'relatively less developed' countries, 1979-2003,' Industrial and Corporate Change, 20(2), 433-455.
92. Schumpeter, J. A. (1934), The Theory of Economic Development: An Inquiry Into Profits, Capital, Credit, Interest, and the Business Cycle. Transaction Publishers: UK.
93. Tavassoli, S. and Carbonara N. (2014), 'The role of knowledge variety and intensity for regional innovation,' Small Business Economics, 43(2),493-509.
94. Teece, D. J. (2008), 'Dosi's technological paradigms and trajectories: insights for economics and management,' Industrial and Corporate Change, 17(3), 507-512.
95. Tidd, J. and Bessant J. (2009), Managing Innovation: Integrating Technological, Market and Organizational Change, 4th edn. John Wiley&Sons Ltd: Chichester, UK.
96. Van Oort, F. G. (2007), 'Spatial and sectoral composition effects of agglomeration economies in the Netherlands,' Papers in Regional Science, 86, 5-30.
97. Van Oort, F., de Geus S. and Dogaru T. (2015), 'Related variety and regional economic growth in a cross-section of European urban regions,' European Planning Studies, 23(6), 1110-1127.