İnovasyonların Ticaret Akımları Üzerindeki Etkileri: OECD Ülkeleri Örneği*

Abstract

After the 1980s, discussions about innovation as a determinant of economic growth became more prevalent. According to the literature, innovation reduces transport costs, mitigates the negative effects of distance, and country-specific factors have a major impact on bilateral trade. However, the findings of the studies vary depending on the innovation indicator used and the country group studied. The effects of innovation on bilateral trade between countries are examined in this analysis for OECD countries from 1996 to 2016. The results indicate that a country's economic size, market size and demand structure, real exchange rate, and innovation in exporting countries all have a positive impact on bilateral trade. This finding illustrates the importance of policymakers who want to raise exports taking steps to promote the emergence of innovation and its economic spread.