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DC Field | Value | Language |
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dc.contributor.author | Luintel, K B | - |
dc.contributor.author | Khan, M | - |
dc.coverage.spatial | 65 | en |
dc.date.accessioned | 2007-06-26T20:16:47Z | - |
dc.date.available | 2007-06-26T20:16:47Z | - |
dc.date.issued | 2003 | - |
dc.identifier.citation | Economics and Finance Working papers, Brunel University, 03-27 | en |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/870 | - |
dc.description.abstract | Coe and Helpman (1995) among others report positive and equivalent R&D spillovers across groups of countries. However, the nature of their econometric tests does not address the heterogeneity of knowledge diffusion across countries. We empirically examine these issues in a sample of 10 OECD countries by extending both the time span and the coverage of R&D activities in the data set. We find that the elasticity of total factor productivity with respect to domestic and foreign R&D stocks is extremely heterogeneous across countries and that data cannot be pooled. Thus, panel estimates conceal important cross-country differences. The US appears to be a net loser in terms of international R&D spillovers. Our interpretation is that when competitors ‘catch-up’ technologically, they challenge US market shares and investments worldwide. This has implications for US productivity. | en |
dc.format.extent | 445235 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | en | - |
dc.publisher | Brunel University | en |
dc.subject | International R&D spillovers; Dynamic heterogeneity; Productivity; | en |
dc.subject | Cointegration; Rank Stability. | en |
dc.title | The Dynamics of International R & D spillovers | en |
dc.type | Research Paper | en |
Appears in Collections: | Electronic and Electrical Engineering Dept of Economics and Finance Research Papers |
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