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dc.contributor.authorTohmo, Timo
dc.contributor.authorHeimonen, Kari
dc.contributor.authorNieminen, Mika
dc.date.accessioned2021-05-11T10:34:22Z
dc.date.available2021-05-11T10:34:22Z
dc.date.issued2021
dc.identifier.citationTohmo, T., Heimonen, K., & Nieminen, M. (2021). Effects of the European Monetary Union on High-Technology Exports. <i>Journal of Industry, Competition and Trade</i>, <i>21</i>(2), 251-285. <a href="https://doi.org/10.1007/s10842-021-00354-8" target="_blank">https://doi.org/10.1007/s10842-021-00354-8</a>
dc.identifier.otherCONVID_52139888
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/75451
dc.description.abstractOur study estimates the effects of the European Monetary Union (EMU) on high-technology (HT) export and assesses the potential knowledge spillovers of such trade. Irrespective of the importance of the HT trade channel, none of the previous studies in the literature focus on the effects of a common currency on HT trade. Increasing trade in the HT sector may lead to more efficient use of resources and help countries to move towards a knowledge-based economy. Moreover, it may lead to higher overall growth. After considering multilateral resistances, pair fixed effects and bias correction in the preferred (three-way bias-corrected) model, EMU membership becomes negative and statistically non-significant for HT exports. Furthermore, our findings indicate that the effect of the EMU on HT exports is country-specific, which lends support to the notion of non-homogenous knowledge transfer and country-related knowledge-based economic development within the EMU.en
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherSpringer
dc.relation.ispartofseriesJournal of Industry, Competition and Trade
dc.rightsCC BY 4.0
dc.subject.othertrade
dc.subject.otherexports
dc.subject.otherEuropean Monetary Union
dc.subject.otherhigh technology
dc.subject.otherknowledge-based economy
dc.subject.otherPoisson pseudo-maximum likelihood
dc.titleEffects of the European Monetary Union on High-Technology Exports
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-202105112731
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiainePäätöksentekoa tukeva taloustiede ja talouden kilpailukyky (painoala)fi
dc.contributor.oppiaineEmpirical Microeconomicsfi
dc.contributor.oppiaineJyväskylä International Macro & Financefi
dc.contributor.oppiaineBasic or discovery scholarshipfi
dc.contributor.oppiaineEconomicsen
dc.contributor.oppiainePolicy-Relevant Economics and Competitiveness of Economy (focus area)en
dc.contributor.oppiaineEmpirical Microeconomicsen
dc.contributor.oppiaineJyväskylä International Macro & Financeen
dc.contributor.oppiaineBasic or discovery scholarshipen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.type.coarhttp://purl.org/coar/resource_type/c_2df8fbb1
dc.description.reviewstatuspeerReviewed
dc.format.pagerange251-285
dc.relation.issn1566-1679
dc.relation.numberinseries2
dc.relation.volume21
dc.type.versionpublishedVersion
dc.rights.copyright© 2021 the Authors
dc.rights.accesslevelopenAccessfi
dc.subject.ysovienti
dc.subject.ysohuipputekniikka
dc.subject.ysoeuro
dc.subject.ysokansainvälinen kauppa
dc.subject.ysoyhteisvaluutta
dc.subject.ysoteknologiateollisuus
dc.subject.ysorahaliitot
dc.subject.ysotaloudelliset vaikutukset
dc.subject.ysotietotalous
dc.format.contentfulltext
jyx.subject.urihttp://www.yso.fi/onto/yso/p4560
jyx.subject.urihttp://www.yso.fi/onto/yso/p3644
jyx.subject.urihttp://www.yso.fi/onto/yso/p14651
jyx.subject.urihttp://www.yso.fi/onto/yso/p9390
jyx.subject.urihttp://www.yso.fi/onto/yso/p25822
jyx.subject.urihttp://www.yso.fi/onto/yso/p22311
jyx.subject.urihttp://www.yso.fi/onto/yso/p26734
jyx.subject.urihttp://www.yso.fi/onto/yso/p11238
jyx.subject.urihttp://www.yso.fi/onto/yso/p21281
dc.rights.urlhttps://creativecommons.org/licenses/by/4.0/
dc.relation.doi10.1007/s10842-021-00354-8
jyx.fundinginformationAuthor 2 is grateful to the OP Group Research Foundation and University of Jyväskylä for their support. The third author is grateful to the OP Group Research Foundation, the Alfred Kordelin Foundation and University of Jyväskylä for their support.
dc.type.okmA1


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