Determining the Direction of Causality between Creating Innovation and Technology Market

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The topicality of this issue is determined by the necessity of choosing policy instruments for economic modernization and transition to innovative development. The vector auto regression (VAR) model and Granger test are applied for the Russian monthly data from 2005 until the second quartile of 2015. Both lagged import and export at the national level cause innovation, the latter starts to stimulate foreign trade since it is a remote lag. In comparison to aggregate data, the results by patent’s categories are more diverse. Importing technologies from foreign countries stimulates patent activity, while innovations created in Russia are only Granger causality for import to Commonwealth of Independent States.</p> <iframe src="https://publications.waset.org/10005814.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/search?q=Export" title="Export">Export</a>, <a href="https://publications.waset.org/search?q=import" title=" import"> import</a>, <a href="https://publications.waset.org/search?q=innovation" title=" innovation"> innovation</a>, <a href="https://publications.waset.org/search?q=patents." title=" patents. "> patents. </a> </p> <p class="card-text"><strong>Digital Object Identifier (DOI):</strong> <a href="https://doi.org/10.5281/zenodo.1339556" target="_blank">doi.org/10.5281/zenodo.1339556</a> </p> <a href="https://publications.waset.org/10005814/determining-the-direction-of-causality-between-creating-innovation-and-technology-market" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/10005814/apa" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">APA</a> <a href="https://publications.waset.org/10005814/bibtex" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">BibTeX</a> <a href="https://publications.waset.org/10005814/chicago" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Chicago</a> <a href="https://publications.waset.org/10005814/endnote" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">EndNote</a> <a href="https://publications.waset.org/10005814/harvard" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Harvard</a> <a href="https://publications.waset.org/10005814/json" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">JSON</a> <a href="https://publications.waset.org/10005814/mla" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">MLA</a> <a href="https://publications.waset.org/10005814/ris" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">RIS</a> <a href="https://publications.waset.org/10005814/xml" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">XML</a> <a href="https://publications.waset.org/10005814/iso690" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">ISO 690</a> <a href="https://publications.waset.org/10005814.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">1196</span> </span> <p class="card-text"><strong>References:</strong></p> <br>[1] The Forecast of long-term socio-economic development of the Russian Federation for the period until 2030 (Прогноз долгосрочного социально-экономического развития Российской Федерации на период до 2030 года) URL: http://economy.gov.ru/minec/activity/sections/macro/prognoz/doc20130325_06 <br>[2] J. Fagerberg, Competitiveness, scale and R&D. In Technology and International Trade. Cheltenham, UK: Edward Elgar, 1997, pp. 38-55 <br>[3] M. Hoppe “Technology Transfer Through Trade”, Nota di Lavoro, Fondazione Eni Enrico Mattei, No. 19, 2005 <br>[4] W.E. Soeder, A.S. Nashar, and V. Padmanabhan, “A Guide to the Best Technology Transfer Practices”, Journal of Technology Transfer, vol. 15, 1990 <br>[5] N. Sharif, “Emergence and development of the National Innovation Systems concept”, Research Policy, vol. 35, no. 5, June 2006, pp. 745–766. http://dx.doi.org/10.1016/j.respol.2006.04.001 <br>[6] X. Liu, C. Wang, “Does foreign direct investment facilitate technological progress? Evidence from Chinese industries.”, Research Policy. 32(6), pp. 945-953, 2003. <br>[7] M. MacGarvie, “Do firms learn from international trade?”, Review of Economics and Statistics, vol. 88(1), pp. 46-60, 2006 <br>[8] R. Acharya, W. Keller, Technology Transfer Through Imports. National Bureau of Economic Research Working Paper N. 13086, Cambridge, 2007 <br>[9] B. Hoekman, B. Javorcik, Global Integration and Technology Transfer. World Bank, Washington, D.C., 2006 <br>[10] J. Eaton, S. Kortum, “Technology, Geography, and Trade.” Econometrica. Vol. 70(5), pp. 1741-1779, 2002 <br>[11] A. Fosfuri, M. Motta, and T. Ronde, “Foreign direct investment and spillovers through workers' mobility.”, Journal of International Economics. Vol. 53(1), pp. 205-222, 2001 <br>[12] W. Fleur, N. Johnstone, and I. Haščič “Using patent data as an indicator of international technology transfer”, Empirical Policy Analysis Unit OECD Environment Directorate, October 2009 <br>[13] S. Edwards, “Trade policy, growth, and income distribution”, The American Economic Review, 87(2), Papers and Proceedings of the Hundred and Fourth Annual Meeting of the American Economic Association), pp. 205-210, 1997 <br>[14] S. Chand, K. Sen, “Trade liberalization and productivity growth: Evidence from indian manufacturing.” Review of Development Economics, vol. 6(1), pp. 120-132, 2002 <br>[15] G. M. Grossman, E. Helpman, “Trade, knowledge spillovers, and growth”, European Economic Review, vol. 35(2), pp. 517-526. <br>[16] D. Leonard, N.V. Long, “Technology transfers and industry closure.”, The Journal of International Trade & Economic Development. Vol. 24(4), pp. 542-569, 2015 <br>[17] D.K. Johnson, V. Wagoner, “The Chicken or the Egg: Granger-Causality between Trade and Innovation.” Colorado College Working Paper. 2014. № 04. <br>[18] Russian Federal Statistics Service URL: http://www.gks.ru/ <br>[19] State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" URL: http://www.veb.ru/analytics/iVEB/ <br>[20] OECD/Eurostat, Proposed Guidelines for Collecting and Interpreting Technological Innovation Data – Oslo Manual, The Measurement of Scientific and Technical Activities Series, Paris, 1997 <br>[21] S. Lall “Transnational corporations and technology flows” (in D. Nayyar (ed.)) Governing Globalization: Issues and Institutions, Oxford: Oxford University Press, 2002, for the World Institute for Development Economics Research (WIDER). <br>[22] L.M. Evstigneeva, V.V. Kiseleva “Technology and knowledge transfer: international perspective”, International Journal of Business and Management Study – IJBMS, Vol. 2: Issue 2 (ISSN : 2372-3955), pp. 364 – 369, 2015. <br>[23] Science Indicators 2016: stat. 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Determining the Direction of Causality between Creating Innovation and Technology Market