Indian Journal of Science and Technology

Abstract

Objectives: The purpose of the research is to identify the peculiarities of Belgium participation in international trade in technology. Methods/Statistical Analysis: The following scientific methods have been used in the study: analysis of statistical data on peculiarities of Belgium participation in the international economic relations as a whole and in the international trade in technology in particular; correlation and regression analysis to define the impact of the rate of growth of overall price level and amount of domestic RandD expenditures in Belgium on the amount of technology import payments and export receipts for 2009-2014. Findings: The regression analysis testified the significant connection between growth rate and amount of RandD expenditures in the territory of Belgium, on one hand, and amount of receipts and payments within the framework of technological balance of payments of Belgium, on the other hand. The authors of the article have identified the peculiarities of economic development and participation in international economic relations of the major regions in Belgium: Flanders and Wallonia. The authors also revealed the influence of such indicators as inflation and amount of domestic RandD expenditures on figures in technological balance of payments of Belgium. Improvements: Results obtained in this article may be used by the international economic relations practitioners, public authorities developing key trends of the state participation in international economic relations, and international technological exchange in particular.

Keywords: Participation of Belgium in International Economic Relations, Participation of Belgium in International Technological Exchange