英文摘要 |
An array of literature empirically examines the impact of patent rights (PRs) protection on international trade, but most studies employ the traditional gravity model to estimate and ignore firm-level behavior. Helpman, Melitz and Rubinstein (2008) propose a two-stage, non-linear least squares estimation procedure (the HMR model) to correct potential biases embodied in the gravity estimation of trade flows, which decomposes the impact on trade volumes of all trade resistance measures into their extensive and intensive margin components. Yet, Santos Silva and Tenreyro (2015) suggest that the HMR model is incorrectly specified and propose the Poisson pseudo maximum likelihood (PPML) methodology to solve heteroscedasticity. Utilizing the HMR model and the PPML method, this paper empirically investigates how differences in PRs protection may influence Taiwan's semiconductor exports to 119 destination countries from 1995 to 2010. Our results support the effectiveness of an importing country's patent harmonization in stimulating importation of high-tech goods from Taiwan. |