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International technology diffusion through imports and its impact on economic growth

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Author Info

  • Jorge Crespo
  • Carmela Martin
  • Francisco Javier Velázquez

Abstract

This paper provides new evidence on the importance of international technology spillovers channelled by imports and its impact on economic TFP growth of the OECD countries. For this purpose we estimate a version of the growth model with endogenous technological change used in Benhabib and Spiegel (1994), which includes some modifications in order to capture the differences in the degree of success that countries have in benefiting from foreign technology spillovers. Our results suggest that domestic R&D and human capital stocks are critical for successful technology diffusion from abroad.

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File URL: http://www.ucm.es/info/econeuro/documentos/documentos/dt122002.pdf
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Bibliographic Info

Paper provided by European Economy Group in its series European Economy Group Working Papers with number 12.

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Length: 27 pages
Date of creation: 2002
Date of revision:
Handle: RePEc:eeg:euroeg:12

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Postal: Despacho 104.Pabelloon de Segundo, Facultad de Economicas. Universidad Complutense de Madrid. 28223 Pozuelo de Alarcon, Madrid
Phone: 0034913942454
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Web page: http://www.ucm.es/info/econeuro
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Postal: Despacho 104.Pabelloon de Segundo, Facultad de Economicas. Universidad Complutense de Madrid. 28223 Pozuelo de Alarcon, Madrid
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Web: http://www.ucm.es/info/econeuro

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References

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Citations

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Cited by:
  1. Greenaway, David & Foster, Neil, 2002. "North-South Trade, Knowledge Spillovers and Growth," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 17, pages 650-670.
  2. Jiyong Chen & Wei Liu & Yibo Zhang & Yangyi Sheng, 2010. "An empirical study on FDI international knowledge spillovers and regional economic development in China," Frontiers of Economics in China, Springer, vol. 5(3), pages 489-508, September.
  3. Aurora A.C. Teixeira & Natércia Fortuna, 2006. "Human capital, trade and long-run productivity. Testing the technological absorption hypothesis for the Portuguese economy, 1960-2001," FEP Working Papers 226, Universidade do Porto, Faculdade de Economia do Porto.
  4. Guisan, Maria-Carmen & Exposito, Pilar, 2004. "The Impact of Industry and Foreign Trade on Economic Growth in China. An Inter-Sectoral Econometric Model, 1976-2002," Economic Development 76, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
  5. Sourafel Girma, 2003. "Absorptive capacity and productivity spillovers From FDI: a threshold regression analysis," European Economy Group Working Papers 25, European Economy Group.
  6. Jaime Turrion & Carmela Martin, 2003. "Eastern Enlargement of the European Union and Foreign Direct Investment Adjustments," European Economy Group Working Papers 24, European Economy Group.
  7. Jorge Crespo & Francisco Javier Velázquez, 2003. "Multinationals and diffrsion of technology Between developed countries," European Economy Group Working Papers 26, European Economy Group.
  8. Brita Bye & Taran Fæhn & Leo A. Grünfeld, 2008. "Growth policy in a small, open economy. Domestic innovation and learning from abroad," Discussion Papers 572, Research Department of Statistics Norway.
  9. Jose L. Groizard, 2003. "Technology Trade, Productivity and Growth," DEA Working Papers 4, Universitat de les Illes Balears, Departament d'Economía Aplicada.

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