Business services, trade, and research intensity

Chu Ping Lo, Chih Hai Yang

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


This paper constructs a theoretical framework of trade to investigate how business services function as a mean of reducing costs and then encouraging research activities. Our theoretical model predicts that a country with a higher degree of business service specialization tends to have higher research intensity andsubsequently higher income. Using a panel dataset for 38 countries over the period 1996-2015 to test the theoretical predictions, various robust estimations support our theoretical predictions.

Original languageEnglish
Pages (from-to)38-59
Number of pages22
JournalHitotsubashi Journal of Economics
Issue number1
StatePublished - Jun 2020


  • Business services
  • Research intensity
  • Technology
  • Trade


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