Export performance of the Asian miracle economies: The role of innovation and product variety

J.B. Ang, J.B. Madsen, Peter Robertson

Research output: Contribution to journalArticle

3 Citations (Scopus)
323 Downloads (Pure)

Abstract

© 2015 Canadian Economics Association. Traditional export models fall short of explaining the marked increase in exports of the Asian miracle economies in the post-WWII period. A model showing that exports are driven by innovations, innovative competitiveness, demand and price competitiveness is estimated for China, India, Korea, Japan, Singapore and Taiwan over the period 1953-2010. The results demonstrate that innovation stocks and competitiveness are important determinants behind their success. Furthermore, innovation stocks and innovative competitiveness are shown to be less influential for export growth in China and India and their export booms have been fuelled by process rather than product innovation.
Original languageEnglish
Pages (from-to)273-309
Number of pages37
JournalCanadian Journal of Economics
Volume48
Issue number1
DOIs
Publication statusPublished - Feb 2015

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