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Measuring Knowledge Spillovers: A Non-appropriable Returns Perspective

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  • Jian Li

    (Department of International Economics and Trade, School of Economics, Nanjing University, Department of Economics, School of Economics and Management, Tsinghua University)

  • Kunrong Shen

    (School of Economics, Nanjing Univerisity)

  • Ru Zhang

    (Department of Economics, University of California)

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Abstract

A new approach is developed to measure knowledge spillovers by means of proportion of non-appropriable returns to social returns, assuming no specific forms of production and knowledge functions. It is complicated theoretically, but very simple and practical empirically. Using PWT 6.3, we find that: 1. the measure of spillovers is nonlinear to income; 2. spillovers do not exist when income is low, but do exist in higher income groups; 3. the elasticity of knowledge is nonlinear to income; 4. spillovers exist even when the elasticity of output to capital is roughly close to direct measure of capital's share.

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Bibliographic Info

Article provided by Society for AEF in its journal Annals of Economics and Finance.

Volume (Year): 12 (2011)
Issue (Month): 2 (November)
Pages: 265-293

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Handle: RePEc:cuf:journl:y:2011:v:12:i:2:p:265-293

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Related research

Keywords: Knowledge spillovers; Measure; Non-appropriable returns; Capital's share; Dynamic OLS;

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References

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