Fragmentation and East Asia's information technology trade

Autor:	Carl Bonham, Ari Van Assche, Byron Gangnes
Rok vydání:	2007
Předmět:	Economics and Econometrics Cointegration business.industry Fragmentation (computing) Information technology Context (language use) International economics Foreign direct investment Relative price Market fragmentation Multinational corporation Asian country Economics East Asia Proxy (statistics) business Panel data
Zdroj:	Applied Economics. 39:215-228
ISSN:	1466-4283 0003-6846
Popis:	This article studies the growth and determinants of information technology (IT) trade in the Asia-Pacific region. We argue that the rise of IT trade must be understood within the context of increasing vertical fragmentation of production processes that has occurred over the past two decades. To evaluate this empirically, we estimate a set of pooled bilateral IT export equations for eight Asian countries, the USA and the EU, where foreign direct investment (FDI) inflows are introduced as a proxy for fragmentation. We apply a panel cointegration approach that allows for heterogeneity in short-run dynamics and in fixed effects. Consistent with production fragmentation, we find that the evolution of IT trade can be explained in part by traditional income and relative price effects but also by FDI inflows.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5605e731b42268c21ee928ea816e5c53 https://doi.org/10.1080/00036840500427635 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
Nepřihlášeným uživatelům se plný text nezobrazuje	K zobrazení výsledku je třeba se přihlásit.