SDÜ İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt 14, Sayı 2 (2009)

THE EFFECTS OF KNOWLEDGE AND TECHNOLOGY VARIABLES ON TERMS OF TRADE

Ali ŞEN, Fatih ÇELEBİOĞLU, Hüseyin ALTAY

Özet


This paper examines the role of knowledge and technology variables in determining terms of trade in emerging market countries and developed countries. The empirical analysis is used data set of 22 emerging markets and 15 developed countries from 2001 to 2005. The results have showed that: (1) the changes of knowledge and technology variables are more significant in explaining both developed countries’ terms of trade and their net trade; (2) with including non-technological variables, model’s explaining power has increased for emerging markets, whereas it has decreased for developed countries; (3) the effects of knowledge and technology variables on net trade are less important in both countries groups.
Terms of trade, net trade, knowledge and technology variables.

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