scholarly journals Substitution effect in high-tech industry in the USA in foreign trade share and domestic market protection

2022 ◽  
Vol 7 (4) ◽  
pp. 5-25
Author(s):  
V. N. Minat
Keyword(s):  
United States ◽  
Foreign Trade ◽  
Substitution Effect ◽  
The United States ◽  
Domestic Market ◽  
High Tech ◽  
High Tech Industry ◽  
Domestic Production ◽  
Trade Share ◽  
The Impact

The transition to the sixth technological order, characterized by the systemic elements of the information revolution, requires a comprehensive analysis of the aggregate dynamic processes trade operations in the context of the respective commodity groups. Using the traditional methods of the statistical and economic method, in general terms, reduced to the formula: "domestic production + import - export", the relative quantitative indicators of the share of imports and exports of products of the leading high-tech industries of the United States were calculated for specific periods of time in the period 1951–2020, correlated with domestic production for the same period. Thus, an assessment of the impact of the "substitution effect" in the high-tech industry of the United States is given in relation to the volume of exports and imports in the context of certain groups of analyzed industries. The empirical results obtained contributed to the identification of trends in the regulation of American imports of high-tech industry products to protect the domestic market under the influence of the substitution effect in US foreign trade in the period under consideration. The main conclusion is that the priority in the focus of American foreign trade policy in terms of protecting the domestic market of high-tech industrial products, was and remains a flexible, expedient (in terms of substitution and integration vectors) combination of tariff and non-tariff restrictions on imports.

Foreign experience in the organization of innovative development of the economy

2021 ◽  
pp. 28-39
Author(s):  
V.A. Shumaev ◽  
N.A. Divueva ◽  
N.A. Lukasheva
Keyword(s):  
United States ◽  
Technology Transfer ◽  
The United States ◽  
High Tech ◽  
Innovative Development ◽  
Asian Countries ◽  
High Tech Industry ◽  
Foreign Experience

The article summarizes the experience of the United States, Germany and Asian countries in creating and organizing the development and functioning of innovative systems, technology transfer, building a high-tech industry, which is advisable to use in Russia.

scholarly journals The Impact of R&D Alliance on the Survival of Newly Listed High Tech Firms

2016 ◽  
Vol 6 (2) ◽  
pp. 197
Author(s):  
Vicar S. Valencia
Keyword(s):  
United States ◽  
Longitudinal Data ◽  
Financial Performance ◽  
Initial Public Offering ◽  
The United States ◽  
High Tech ◽  
Estimation Strategy ◽  
Public Offering ◽  
The Impact

This paper investigates the extent to which R&D alliance participation affects the survival performance of newly listed high tech firms. The estimation strategy identifies the impact through changes on a firm’s alliance status. Using longitudinal data on high tech firms that had an initial public offering in the United States, results suggest that R&D collaborating firms experience greater survival, relative to non-R&D collaborating firms. In particular, participation in an R&D alliance is associated with an attenuation of delistment due to poor financial performance.

scholarly journals Dynamics of the structure of US foreign trade in high - tech manufacturing products

2020 ◽  
pp. 44-62
Author(s):  
V. N. Minat
Keyword(s):  
United States ◽  
Foreign Trade ◽  
The United States ◽  
World Market ◽  
Industrial Sector ◽  
High Tech ◽  
Economic Relations ◽  
Us Economy ◽  
High Knowledge ◽  
Structural Indicators

The significant role of the United States in global innovative industrial production and related foreign trade in high-tech products requires studying the interaction between these two phenomena of economic development of the country in the space-time continuum. By studying the dynamics of structural indicators of export-import components of US foreign trade in industrial goods with high knowledge intensity and the nature of their ratio in absolute terms (balance) for the period 1946-2019, long-term trends that determine its sectoral (in this case, by product groups) and territorial (spatial) structure in the global system of world economic relations are revealed. The interrelation of the de-industrialization of the American economy as a whole and the constant growth of the innovative potential of the industrial sector of the US economy with a slowdown in the external economic impact of the country's high-tech industries on the world market is shown, despite the historically established competitive advantages of this group of manufacturing industries and their successful development in the domestic market of the United States.

U.S. and China: The world's high-tech industry pre-eminent powers. A comparative analysis of positions

2021 ◽  
Vol 19 (3) ◽  
pp. 400-428
Author(s):  
Irina A. RODIONOVA ◽  
Aleksandra A. UGRYUMOVA
Keyword(s):  
United States ◽  
Comparative Analysis ◽  
Industrial Development ◽  
The United States ◽  
High Tech ◽  
High Tech Industry ◽  
Goods And Services ◽  
The World ◽  
Knowledge Intensive ◽  
World Industry

Subject. This article deals with the issues related to industrialization and spatial realignment of forces in the world industry architecture at the regional and global levels. Objectives. The article aims to describe the processes in the modern manufacturing industry and show the growth of China's share in the global production and export of knowledge-intensive and high-tech industry products in comparison with the indicators of the United States, the previous world industry leader. Methods. For the study, we used a comparative analysis. Results. The article compares the changes in industrial development indicators of the United States and China since the beginning of the 21st century and defines the positions of these countries in the development of knowledge-intensive and high-tech goods and services. Conclusions. China came out on top in the world concerning the export of all groups of high-tech goods and services. It is also the leader in global production and exports of medium- and high-tech products. China is slightly inferior to the United States in the production of high-tech industry products with the most intensive use of engineering development.

scholarly journals The impact of product and labour market deregulation

2015 ◽  
Vol 3 (2) ◽  
pp. 35-37
Author(s):  
Armend Muja
Keyword(s):  
United States ◽  
Political Economy ◽  
Labor Markets ◽  
Labour Market ◽  
The United States ◽  
Incremental Innovation ◽  
High Tech ◽  
The Political ◽  
The Media ◽  
The Impact

Economists have often talked about the European Paradox:” - Europe having the necessary knowledge and research but failing to utilize these advantages and bring them to the markets. The perception, largely attributable to the media reporting, is that Europe lags behind the United States in innovation. While it is true that most of the e-commerce innovations were developed in the United States, Europe’s economies did well over the 1990s despite the lack of major breakthroughs in high-tech sphere. Thus, it is hard to say that Europe is facing an innovation crisis, and I will argue that Europe has other advantages that make it competitive globally. While Europe might not have as much success in innovation as the United States, it nevertheless, has been successful in more developed and mature segments of the markets. Moreover, I will argue that country’s specialization depends on the setup of the institutions in the political economy. The countries utilize their comparative institutional advantage (CIA) to maintain competitive globally. Finally, I will argue against the idea of drastic deregulation of the product and labor markets in Europe. Doing so would be like shooting yourself in the foot since individual European countries would lose their comparative institutional advantage that allows them to stay competitive globally in the market for incremental innovation products.

scholarly journals PRICE RELATIONSHIPS BETWEEN BOND MARKETS

2019 ◽  
pp. 28-42
Author(s):  
Ivan BLAGUN
Keyword(s):  
United States ◽  
Time Series ◽  
Financial Market ◽  
The United States ◽  
Bond Market ◽  
Domestic Market ◽  
Bond Markets ◽  
The Us ◽  
The Usa ◽  
The Impact

Introduction. The strengthening of globalization processes leads to a greater integration of the domestic financial market into the global financial market, especially bond market. Ukraine is under significant influence of world economic processes. In this context the impact that has on the state of the domestic market of Ukraine our financial market, as well as the actions of American financial regulators. On the background of the formation of excessive debt structure of the global financial market, including the US market, the financial market of Ukraine in recent time, there is also the nature of the debt market which is a key financial instrument is bonds, i.e. government bonds. Not less important and of the dual influence of the two basic segments of the financial market between market shares and bonds that affects the efficiencyof capital investors. The purposeis the research of the relationships that are formed between the markets of shares and bonds on the example of financial markets of the USA and Ukraine. Results. The price relationship between the bond markets of countries with different levels of development has been considered. For the basic indicators, characterizing the main parameters of the bond market the analysis of the influence of the US bond market to the domestic market, determined correlations between the rates of return on ten-year bonds. It has been established that the time series of the rate on ten-year bonds have signs of nonstationarity. Based on the identified nonstationarity time series were analyzed for cointegration. It is determined that the modeling-level rate bonds in Ukraine can be improved by applying advanced Sapsan the value of the rate of the bonds in the United States. Conclusions. The results do not indicate the manifestation of a dependence between the value of the rates of ten-year bonds in the United States and Ukraine. Also there is no dependence between the current growth rate of bonds. A more detailed analysis also showed the absence of long-term balance between the rates of these bonds. The analysis of the interaction between equity markets and bond between them showed that the existing dual influence should be viewed through the prism of external factors that can lead to very different behavior of these markets, on the one hand they are competitors, in terms of raising capital, on the other in some periods, they are characterized by complementarity.

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