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National and International Spillovers from R&D: Comparing a Neoclassical and an Endogenous Growth Approach

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  • Braconier, Henrik

    (Department of Economics, Lund University)

  • Sjöholm, Fredrik

    ()
    (The European Institute of Japanese Studies)

Abstract

Two models where productivity growth is caused by spillovers from R&D are analysed using a sample of nine manufacturing industries in six large OECD-countries between 1979 and 1991. The first model is based on traditional productivity analysis where growth in R&D stocks causes productivity growth. The second model is based on the endogenous growth literature where the level of R&D expenditures is assumed to increase productivity growth. The empirical results indicate stronger support for the latter model. The pattern of spillovers is also investigated. The results suggest that spillovers from R&D exist within industries, both nationally and internationally. There is, however, little evidence of spillovers between industries. The empirical evidence further suggests that intra-industry spillovers are confined to industries that are relatively R&D-intensive. Finally, direct foreign investment seem to facilitate the diffusion of R&D results, but we do not find any effect on growth from R&D embodied in intermediate products.

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Bibliographic Info

Paper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 211.

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Length: 27 pages
Date of creation: 11 Dec 1997
Date of revision:
Publication status: Forthcoming in Weltwirtschaftliches Archiv.
Handle: RePEc:hhs:hastef:0211

Note: Revised version forthcoming in Weltwirtshcaftliches Archiv (1998).
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Keywords: R&D; spillovers; growth; trade; DFI;

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References

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  1. Jones, Charles I, 1995. "R&D-Based Models of Economic Growth," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 103(4), pages 759-84, August.
  2. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, Econometric Society, vol. 48(4), pages 817-38, May.
  3. Synnove Vuori, 1997. "Interindustry Technology Flows and Productivity in Finnish Manufacturing," Economic Systems Research, Taylor & Francis Journals, Taylor & Francis Journals, vol. 9(1), pages 67-80.
  4. Zvi Griliches, 1979. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," Bell Journal of Economics, The RAND Corporation, The RAND Corporation, vol. 10(1), pages 92-116, Spring.
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  6. Jeffrey Bernstein & Pierre Mohnen, . "International R&D Spillovers Between U.S. and Japanese R&D Intensive Sectors," Carleton Industrial Organization Research Unit (CIORU), Carleton University, Department of Economics 94-04, Carleton University, Department of Economics.
  7. Mansfield, Edwin & Romeo, Anthony, 1980. "Technology Transfer to Overseas Subsidiaries by U.S.-Based Firms," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 95(4), pages 737-50, December.
  8. Jeffrey I. Bernstein & Pierre Mohnen, 1994. "International R & D Spillovers between U.S. and Japanese R & D intensive sectors," Cahiers de recherche du Département des sciences économiques, UQAM, Université du Québec à Montréal, Département des sciences économiques 9406, Université du Québec à Montréal, Département des sciences économiques.
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  10. M. Ishaq Nadiri & Seongjun Kim, 1996. "International R&D Spillovers, Trade and Productivity in Major OECD Countries," NBER Working Papers 5801, National Bureau of Economic Research, Inc.
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Citations

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Cited by:
  1. Peri, Giovanni, 2003. "Knowledge Flows, R&D Spillovers and Innovation," ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research 03-40, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  2. Carmela Martin & Francisco J. Velazquez & Jorge Crespo., 2001. "The Role of International Technological Spillovers in the Economic Growth of the OECD Countries ," European Economy Group Working Papers, European Economy Group 6, European Economy Group.
  3. Carmela Martin & Francisco J. Velazquez & Bernard Funck, 2001. "European Integration and Income Convergence : Lessons for Central and Eastern European Countries," World Bank Publications, The World Bank, number 13968, August.
  4. Baldwin, Richard & Braconier, Henrik & Forslid, Rikard, 1999. "Multinationals, Endogenous Growth and Technological Spillovers: Theory and Evidence," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2155, C.E.P.R. Discussion Papers.
  5. Salvador Barrios & Eric Strobl, 2002. "Foreign direct investment and productivity spillovers: Evidence from the Spanish experience," Review of World Economics (Weltwirtschaftliches Archiv), Springer, Springer, vol. 138(3), pages 459-481, September.
  6. Bitzer, Jürgen & Kerekes, Monika, 2005. "Does Foreign Direct Investment Transfer Technology Across Borders? A Reexamination," Discussion Papers 2005/7, Free University Berlin, School of Business & Economics.
  7. Liqun Zhou & Liangke Xia, 2010. "How R&D investments influence TFP growth: Evidence from China’s large and medium-sized industrial enterprises," Frontiers of Economics in China, Springer, Springer, vol. 5(4), pages 537-558, December.
  8. Giovanni Peri, 2004. "Knowledge Flows and Productivity," Rivista di Politica Economica, SIPI Spa, SIPI Spa, vol. 94(2), pages 21-59, March-Apr.
  9. 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.

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