Industry-Specific Knowledge Spurs Productivity: An Application of Panel Cointegration
AbstractUsing data for 14 OECD countries and 13 sectors for the period 1985-2004, this paper analyzes the significance of the linkage between channels of international knowledge spillovers and total factor productivity. We distinguish between domestic and international intra- and inter-sectoral spillover sources. Patent applications are exploited to estimate the contribution of technology transfer to industrial productivity. To account for technological distance, we weight foreign knowledge by bilateral technological proximity. By adopting estimation methods reflecting recent developments in the treatment of non-stationary panel data econometrics, we find that industry-specific knowledge both nationally and internationally mainly drives productivity in the respective sector.
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Bibliographic InfoPaper provided by DIW Berlin, German Institute for Economic Research in its series Discussion Papers of DIW Berlin with number 1150.
Length: 35 p.
Date of creation: 2011
Date of revision:
Knowledge Spillover; Total Factor Productivity; Manufacturing; Panel Cointegration;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-16 (All new papers)
- NEP-CSE-2011-09-16 (Economics of Strategic Management)
- NEP-EFF-2011-09-16 (Efficiency & Productivity)
- NEP-KNM-2011-09-16 (Knowledge Management & Knowledge Economy)
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