Are International R&D Spillovers Costly for the United States?
AbstractCoe and Helpman, 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 United States appears to be a net loser in international R&D spillovers. Our interpretation is that when competitors catch up technologically, they challenge U.S. market shares and investments worldwide. © 2004 President and Fellows of Harvard College and the Massachusetts Institute of Technology.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by MIT Press in its journal Review of Economics and Statistics.
Volume (Year): 86 (2004)
Issue (Month): 4 (November)
Contact details of provider:
Web page: http://mitpress.mit.edu/journals/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Markus Eberhardt & Christian Helmers & Hubert Strauss, 2013.
"Do Spillovers Matter When Estimating Private Returns to R&D?,"
The Review of Economics and Statistics,
MIT Press, vol. 95(2), pages 436-448, May.
- Eberhardt, Markus & Helmers, Christian & Strauss, Hubert, 2010. "Do spillovers matter when estimating private returns to R&D?," Economic and Financial Reports 2010/1, European Investment Bank, Economics Department.
- Markus Eberhardt & Christian Helmers & Hubert Strauss, . "Do Spillovers Matter When Estimating Private Returns to R&D?," Discussion Papers 11/22, University of Nottingham, GEP.
- Marta Spreafico, 2013. "Institutions, the resource curse and the transition economies: further evidence," DISCE - Quaderni dell'Istituto di Politica Economica ispe0064, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Coe, David T & Helpman, Elhanan & Hoffmaister, Alexander, 2008.
"International R&D Spillovers and Institutions,"
CEPR Discussion Papers
6882, C.E.P.R. Discussion Papers.
- Alexander W. Hoffmaister & David T. Coe & Elhanan Helpman, 2008. "International R&D Spillovers and Institutions," IMF Working Papers 08/104, International Monetary Fund.
- 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.
- Dierk Herzer, 2010.
"The Long-Run Relationship between Outward FDI and Total Factor Productivity: Evidence for Developing Countries,"
Ibero America Institute for Econ. Research (IAI) Discussion Papers
199, Ibero-America Institute for Economic Research.
- Herzer, Dierk, 2011. "The Long-Run Relationship between Outward FDI and Total Factor Productivity: Evidence for Developing Countries," Proceedings of the German Development Economics Conference, Berlin 2011 41, Verein für Socialpolitik, Research Committee Development Economics.
- Franco Malerba & Maria Luisa Mancusi & Fabio Montobbio, 2007.
"Innovation, international R&D Spillovers and the sectoral heterogeneity of knowledge flows,"
KITeS Working Papers
204, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Oct 2007.
- Franco Malerba & Maria Mancusi & Fabio Montobbio, 2013. "Innovation, international R&D spillovers and the sectoral heterogeneity of knowledge flows," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 149(4), pages 697-722, December.
- Y Wei & X Liu, 2006. "Productivity spillovers from R&D, exports and FDI in China's manufacturing sector," Journal of International Business Studies, Palgrave Macmillan, vol. 37(4), pages 544-557, July.
- Daniel R. Yorgason, 2007. "Treatment of International Research and Development as Investment: Issues and Estimates," BEA Papers 0080, Bureau of Economic Analysis.
- Venturini, Francesco, 2012.
"Looking into the black box of Schumpeterian growth theories: An empirical assessment of R&D races,"
European Economic Review,
Elsevier, vol. 56(8), pages 1530-1545.
- Francesco Venturini, 2011. "Looking into the black box of Schumpeterian Growth Theories: an empirical assessment of R&D races," Quaderni del Dipartimento di Economia, Finanza e Statistica 94/2011, Università di Perugia, Dipartimento Economia, Finanza e Statistica.
- Michael G. Arghyrou & Georgios Chortareas, 2008.
"Current Account Imbalances and Real Exchange Rates in the Euro Area,"
Review of International Economics,
Wiley Blackwell, vol. 16(4), pages 747-764, 09.
- Arghyrou, Michael G & Chortareas, Georgios, 2006. "Current Account Imbalances and Real Exchange Rates in the Euro Area," Cardiff Economics Working Papers E2006/23, Cardiff University, Cardiff Business School, Economics Section.
- Erdal Atukeren, 2005. "R&D Races and Spillovers between the EU and the US: Some Causal Evidence," KOF Working papers 05-105, KOF Swiss Economic Institute, ETH Zurich.
- Menyah, Kojo & Nazlioglu, Saban & Wolde-Rufael, Yemane, 2014. "Financial development, trade openness and economic growth in African countries: New insights from a panel causality approach," Economic Modelling, Elsevier, vol. 37(C), pages 386-394.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karie Kirkpatrick).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.