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Technology balance of payments of the Republic of Serbia: trends and perspectives of technology trade with foreign countries

Author

Listed:
  • Sonja Aleksic, Nikola Škondric
  • Sonja Aleksic

    (National Bank of Serbia)

  • Nikola Škondric

    (National Bank of Serbia)

Abstract

The technology balance of payments represents a statistical overview of international market transactions between residents and non-residents, resulting from technology transfers realised through intangible assets (patents, licenses, knowhow, etc.) and the provision of services with a dominant technological component (research and development, technical assistance, engineering services, etc.). It is based on balance of payments and international trade in services statistics, in accordance with the international statistical standards. In this paper, the authors developed and examined the technology balance of payments of the Republic of Serbia, in order to determine the basic trends of technology trade with foreign countries and observe the analytical value of the technology balance of payments as an indicator of international technology trade.

Suggested Citation

  • Sonja Aleksic, Nikola Škondric & Sonja Aleksic & Nikola Škondric, 2023. "Technology balance of payments of the Republic of Serbia: trends and perspectives of technology trade with foreign countries," Working Papers Bulletin 15, National Bank of Serbia.
    • Handle: RePEc:nsb:bilten:15
    as

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    References listed on IDEAS

    as
    1. Horn, Ernst-Jurgen, 1983. "Technological balance of payments and international competitiveness : The case of the Federal Republic of Germany," Research Policy, Elsevier, vol. 12(2), pages 91-103, April.
    2. Amy Jocelyn Glass & Kamal Saggi, 2002. "Multinational Firms and Technology Transfer," Scandinavian Journal of Economics, Wiley Blackwell, vol. 104(4), pages 495-513, December.
    3. Anja, Breitwieser & Neil, Foster, 2012. "Intellectual property rights, innovation and technology transfer: a survey," MPRA Paper 36094, University Library of Munich, Germany.
    4. Aurora A. C. Teixeira & Diana Barros, 2020. "Technology balance of payments and countries’ international competitiveness. A dynamic panel data analysis of OECD countries, 2000-2017," Applied Economics Letters, Taylor & Francis Journals, vol. 27(12), pages 992-996, June.
    5. Cheolmin Pak & Bonchul Ku, 2017. "The impact of technology imports on technology balance of payments in Korea: an ARDL bounds testing approach," Applied Economics Letters, Taylor & Francis Journals, vol. 24(14), pages 1041-1045, August.
    6. Madeuf, Bernadette, 1984. "International technology transfers and international technology payments: Definitions, measurement and firms' behaviour," Research Policy, Elsevier, vol. 13(3), pages 125-140, June.
    7. Giuseppe Garofalo & Carmelo Pierpaolo Parello, 2007. "International Technology Gap and Technology Transmission: The Policy Implications," Economia politica, Società editrice il Mulino, issue 2, pages 207-232.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    inflation technology balance of payments; technology transfer; balance of payments; services account;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • L84 - Industrial Organization - - Industry Studies: Services - - - Personal, Professional, and Business Services
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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