G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7829
DP7829 International Business Travel: An Engine of Innovation?
Wolfgang Keller; Nune Hovhannisyan
发表日期2010-05-23
出版年2010
语种英语
摘要While it is well known that managers prefer in-person meetings for negotiating deals and selling their products, face-to-face communication may be particularly important for the transfer of technology because technology is best explained and demonstrated in person. This paper studies the role of short-term cross-border labor movements for innovation by estimating the recent impact of U.S. business travel to foreign countries on their patenting rates. Business travel is shown to have a significant effect up and beyond technology transfer through the channels of international trade and foreign direct investment. On average, a 10% increase in business travel leads to an increase in patenting by about 0.3%. We show that the technological knowledge of each business traveler matters by estimating a higher impact for travelers that originate in U.S. states with substantial innovation, such as California. Moreover, the business traveler effect on innovation also varies across industries. This study provides initial evidence that international air travel may be an important channel through which cross-country income differences can be reduced. We also discuss a number of policy issues in the context of short-term cross-border labor movements.
主题Development Economics ; International Trade and Regional Economics ; Labour Economics ; Public Economics
关键词Cross-border labor mobility Face-to-face communication International technology transfer Patenting Tacit knowledge
URLhttps://cepr.org/publications/dp7829
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/536665
推荐引用方式
GB/T 7714
Wolfgang Keller,Nune Hovhannisyan. DP7829 International Business Travel: An Engine of Innovation?. 2010.
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