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Linkage Effects of Trade Openness and Financial Openness on Technological Progress

In: Proceedings of 20th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Feng-wu Han

    (North China Electric Power University)

  • Ling-xue Zhu

    (North China Electric Power University)

Abstract

In an open economic entity, trade openness and financial openness have both formed an interactive relationship with technology. Based on the existing research, this paper intends to establish a unified composite model and to prove in a quantitative way that in the OECD countries, technical level is mainly promoted by their investment in research and development. Although trade openness and financial openness also play positive roles in promoting technical level, their influence is relatively weak, and the promotion effect of the financial opening will delay for 1 week.

Suggested Citation

  • Feng-wu Han & Ling-xue Zhu, 2013. "Linkage Effects of Trade Openness and Financial Openness on Technological Progress," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), Proceedings of 20th International Conference on Industrial Engineering and Engineering Management, edition 127, pages 139-147, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-40072-8_13
    DOI: 10.1007/978-3-642-40072-8_13
    as

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