International R&D spillovers

doi:10.1016/0014-2921(94)00100-E

European Economic Review

Volume 39, Issue 5, May 1995, Pages 859-887

https://doi.org/10.1016/0014-2921(94)00100-E Get rights and content

Abstract

A model is presented based on recent theories of economic growth that treat commercially oriented innovation efforts as a major engine of technological progress. We study the extent to which a country's total factor productivity depends not only on domestic R&D capital but also on foreign R&D capital. Our estimates indicate that foreign R&D has beneficial effects on domestic productivity, and that these are stronger the more open an economy is to foreign trade. Moreover, the estimated rates of return on R&D are very high, both in terms of domestic output and international spillovers.

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International R&D spillovers

Abstract

Journal of Econometrics

European Economic Review

Capital and trade as engines of growth in France: An application of Johansen's cointegration methodology

IMF Staff Papers

Applied econometric techniques

R&D, innovation and the total factor productivity slowdown

OECD Economic Studies

Cointegration and error correction: Representation, estimation, and testing

Econometrica

Issues in assessing the contribution of R&D to productivity growth

Bell Journal of Economics

Productivity puzzles and R&D: Another nonexplanation

Journal of Economic Perspectives

Patent statistics as economic indicators: A survey

Journal of Economic Literature

The search for R&D spillovers