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Innovation – The Key Factor in Global Trade Flow

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Author(s): Nicolae MOROIANU | Daniel BELINGHER

Journal: Economia : Seria Management
ISSN 1454-0320

Volume: 14;
Issue: 2;
Start page: 304;
Date: 2011;
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Keywords: innovation | research-development | trade

ABSTRACT
This paper presents in its first part several theoretical approaches on the impact that the innovative factor has globally on the trade circuit. The last part of the paper reveals a quantitative approach of this matter, using an econometric study, which emphasizes the gross expenditures allocated for R & D in European Union and also the exports level towards areas outside EU, during 2002-2009.

Tango Jona
Tangokurs Rapperswil-Jona

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