Drivers of technological export performance in Spain: A regional approach, 2000–2016
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2023-12-06
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Resumen
Having a high export capacity is a core
element of achieving sustained long-term
economic growth. To attain this goal, the
technological sophistication of exports plays
a key role (Hausmann et al. 2007, Rodrik
2006, Minondo 2010). In the context of
stimulating exports with a high level of
sophistication, it is crucial to identify the main
drivers of exports in general and of high-tech
exports. Specifically, the aim of this article is
to study the determinants of the international
trade flows of manufacturers according to
their technological content in the case of
Spanish regions.
The results obtained show strong evidence of
the relevance of considering the
technological content of manufacturers when
studying the drivers of trade flows at the
regional level. Moreover, the findings have
significant implications for trade and
industrial policies in Spain, a country that
traditionally exhibits large trade imbalances,
since these outcomes could enhance the
effectiveness of policies targeting the
technological upgrading of Spanish exports.