International Business Visits and the Technology Frontier

23 Pages Posted: 23 May 2008

See all articles by Steve Dowrick

Steve Dowrick

Australian National University (ANU) - Faculty of Economics & Commerce

Massimiliano Tani

University of New South Wales - Australian Defence Force Academy; IZA Institute of Labor Economics

Abstract

This paper studies the impact of international business trips on the stock of knowledge available to an economy. It develops a theoretical model to analyse the possible effects, and presents an empirical application using productivity data for a panel of twelve Australian industries during 1991/2-2005/6. Business trips emerge as a significant source of productivity growth. As the knowledge transferred through business visits is non-rival, both countries of origin and destination can gain from the human capital of travellers. As a result, even countries traditionally disadvantaged by geography, size, or level of economic development have the opportunity to access the latest technology and information to stimulate growth.

Keywords: international labour movements, face-to-face meetings, business trips, growth, productivity

JEL Classification: F2, J6

Suggested Citation

Dowrick, Steve and Tani, Massimiliano, International Business Visits and the Technology Frontier. IZA Working Paper No. 3417, Available at SSRN: https://ssrn.com/abstract=1136222 or http://dx.doi.org/10.1111/j.0042-7092.2007.00700.x

Steve Dowrick (Contact Author)

Australian National University (ANU) - Faculty of Economics & Commerce ( email )

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Canberra ACT 0200
Australia

Massimiliano Tani

University of New South Wales - Australian Defence Force Academy ( email )

Sydney, NSW 2052
Australia
+612 6268 8512 (Phone)
+612 6248 8450 (Fax)

HOME PAGE: http://www.unsw.adfa.edu.au/sbus/staff_cvs/about_max_t.html

IZA Institute of Labor Economics

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