Trade and the impact of innovations and standards: the case of Germany and the UK
Abstract:The effects of patents as indicators for innovations and standards on German trade performance are analysed in general and German–British trade in detail. The latter analysis goes a step further than the approach of Swann et al. (1996) and is based on a broader and more detailed database. The results show that Germany's export performance can primarily be explained by its innovative capacity and only to a small extent by its strength in standards. Furthermore, the results underscore the common view of the trade-fostering effect of international standards, while ‘idiosyncratic' standards have ambiguous effects on exports.
Document Type: Research Article
Affiliations: 1: Fraunhofer Institute for Systems and Innovation Research ISI, Breslauer Strasse 48, 76139 Karlsruhe, Germany 2: Macroeconomic Theory and Policy, FBB, University of Wuppertal, Gaußstraße 20, 42119 Wuppertal, Germany
Publication date: July 10, 2005