The paper explores the role of innovation in the determination of both net exports and export prices. The analysis is conducted for 36 industry groups covering both manufacturers and services in the UK. The data are annual time series and these are analysed using the techniques of cointegration...

A popular explanation for the U.K.'s poor trade performance in the postwar period is that insufficient attention was paid to the quality of goods offered to consumers. The authors explore the role of both price and quality factors in determining the net trade balances of a number of U.K....

We construct a unique panel dataset to examine how R&D and intellectual property (IP), via patents and trade marks, increase firm productivity. Knowledge has public good characteristics of non-depletability and non-excludability. Even with IP, imitation and inventing around other firm`s products...