Cuba and the Technological Balance of Payments: Trade in Knowledge and Technological Services
DOI:
https://doi.org/10.5281/zenodo.6820018Keywords:
technological services, technological Balance of Payments, CubaAbstract
The concept of technology includes both the one incorporated in capital goods (machinery, equipment and physical productions) and also the intangible technological services (industrial property rights, know-how, the provision of services with technical content and intellectual services), therefore, commercial technology transactions consider both types. Due to its intangible nature, revenues and expenses derived from trade in technology of the second type form part of the Balance of Payments of the countries under the denomination of Balance of Technological Payments (BTP). In the nineties of the last century, a methodological manual on this subject was developed, applied by countries with high economic development. This article exposes the most relevant conceptual elements and methodological aspects to be taken into account for its implementation in Cuba. The components, data compilation methods, factors to consider, classification systems and the identification of the basic indicators for the measurement of BTP are explained.
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