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International R&D Spillovers: An Application of Estimation and Inference in Panel Cointegration Author info | Abstract | Publisher info | Download info | Related research | Statistics Kao, Chihwa
Chiang, Min-Hsien
Chen, Bangtian
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In this paper, we apply the asymptotic theory of panel cointegration developed by Kao and Chiang (1998) to Coe and Helpman's (1995) international R&D spillovers regression. The OLS with bias-correction, the fully-modified (FM) and the dynamic OLS (DOLS) estimations produce different predictions about the impact of foreign R&D on total factor productivity (TFP) although all the estimations support the result that domestic R&D is related to TFP. Copyright 1999 by Blackwell Publishing Ltd
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Article provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics & Statistics .
Volume (Year): 61 (1999)
Issue (Month): 0 (Special Issue Nov.)
Pages: 691-709
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Handle: RePEc:bla:obuest:v:61:y:1999:i:0:p:691-709Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0305-9049
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Frank Lichtenberg & Bruno van Pottelsberghe de la Potterie, 1996.
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"Linear Regression Limit Theory for Nonstationary Panel Data ,"
Cowles Foundation Discussion Papers
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Peter C.B. Phillips & Hyungsik R. Moon, .
"Linear Regression Limit Theory for Nonstationary Panel Data ,"
University of California at Santa Barbara, Economics Working Paper Series
18-98, Department of Economics, UC Santa Barbara.
Peter C. B. Phillips & Hyungsik R. Moon, 1999.
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Jakob B. Madsen, 2005.
"Technology Spillover through Trade and TFP Convergence: 120 Years of Evidence for the OECD Countries ,"
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05-01, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
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Other versions: Miguel León-Ledesma, 2000.
"R&D Spillovers and Export Performance: Evidence from the OECD Countries ,"
Studies in Economics
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Jesús Crespo-Cuaresma & Jarko Fidrmuc & Ronald MacDonald, 2003.
"The Monetary Approach to Exchange Rates in the CEECs Relations and Output Performance ,"
Vienna Economics Papers
0313, University of Vienna, Department of Economics.
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David T. Coe & Elhanan Helpman & Alexander W. Hoffmaister, 2008.
"International R&D Spillovers and Institutions ,"
NBER Working Papers
14069, National Bureau of Economic Research, Inc.
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Other versions: Robert J. Sonora & Josip Tica, 2009.
"Harrod, Balassa and Samuelson (Re)Visit Eastern Europe ,"
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0907, Faculty of Economics and Business, University of Zagreb.
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Dominique Guellec & Bruno Van Pottelsberghe, 2004.
"From R&D to Productivity Growth: Do the Institutional Settings and the Source of Funds of R&D Matter? ,"
Working Papers CEB
04-010.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB).
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Other versions:
Guellec, Dominique & Pottelsberghe de la Potterie, Bruno van, 2003.
"From R&D to Productivity Growth: Do The Institutional Setting and The Source of Funds of R&D Matter? ,"
IIR Working Paper
03-26, Institute of Innovation Research, Hitotsubashi University.
[Downloadable!] Dominique Guellec & Bruno Van Pottelsberghe de la Potterie, 2004.
"From R&D to Productivity Growth: Do the Institutional Settings and the Source of Funds of R&D Matter? ,"
Oxford Bulletin of Economics and Statistics ,
Department of Economics, University of Oxford, vol. 66(3), pages 353-378, 07.
[Downloadable!] (restricted) Hyeog Ug Kwon, 2004.
"International R&D Spillovers between Korean and Japanese Manufacturing Industries ,"
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d04-36, Institute of Economic Research, Hitotsubashi University.
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David Greenaway & Neil Foster & Rod Falvey, 2002.
"North-South Trade, Knowledge Spillovers and Growth ,"
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Laura Bottazzi & Giovanni Peri, 2005.
"The International Dynamics of R&D and Innovation in the Short and in the Long Run ,"
NBER Working Papers
11524, National Bureau of Economic Research, Inc.
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Jesús Crespo-Cuaresma & Jarko Fidrmuc & Ronald McDonald, 2004.
"The monetary approach to exchange rates in the CEECs ,"
Macroeconomics
0401013, EconWPA.
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Other versions:
Crespo-Cuaresma, Jesús & Fidrmuc, Jarko & McDonald, Ronald, 2003.
"The monetary approach to exchange rates in the CEECs ,"
BOFIT Discussion Papers
14/2003, Bank of Finland, Institute for Economies in Transition.
[Downloadable!] Jesus Crespo-Cuaresma & Jarko Fidrmuc & Ronald MacDonald, 2005.
"The monetary approach to exchange rates in the CEECs ,"
The Economics of Transition ,
The European Bank for Reconstruction and Development, vol. 13(2), pages 395-416, 04.
[Downloadable!] (restricted) Jürgen Bitzer & Andreas Stephan, 2002.
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Other versions: Guadalupe Serrano & Enrique Lopez Bazo & Jose Ramon Garcia Sanchi, 2002.
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Working Papers in Economics
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Other versions: Jesus Crespo-Cuaresma & Neil Foster & Johann Scharler, 2008.
"Barriers to technology adoption, international R and D spillovers and growth ,"
Economics Bulletin ,
Economics Bulletin, vol. 15(3), pages 1-7.
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Peri, Giovanni, 2003.
"Knowledge Flows, R&D Spillovers and Innovation ,"
ZEW Discussion Papers
03-40, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
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