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International R&D spillovers in the multi-country Schumpeterian growth model

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Author Info

  • KOCH, Wilfried

    () (LEG - CNRS UMR 5118 - Université de Bourgogne)

  • ERTUR, Cem

    () (LEO - Université d'Orléans)

Abstract

This paper reconsiders the multi-country Schumpeterian growth model and its empirical implications. We first show that the model implies a spatial econometric reduced form. Indeed, the global interdependance implied by international R&D spillovers needs to be taken into account in the theoretical model as well as in the empirical model. The spatial econometric model we propose includes the neoclassical growth model as a particular case. We can therefore test explicitly the role of R&D investment in the long run growth model. Finally, the proprieties of our spatial econometric specification allow evaluating explicitly the impact of home and foreign R&D spillovers.

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Bibliographic Info

Paper provided by LEG, Laboratoire d'Economie et de Gestion, CNRS UMR 5118, Université de Bourgogne in its series LEG - Document de travail - Economie with number 2007-04.

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Length: 32 pages
Date of creation: Nov 2007
Date of revision:
Handle: RePEc:lat:legeco:2007-04

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Related research

Keywords: multi-country model; Schumpeterian growth; R&D spillovers; spatial econometrics;

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Cited by:
  1. Braunerhjelm, Pontus, 2010. "Entrepreneurship, Innovation and Economic Growth - past experience, current knowledge and policy implications," Working Paper Series in Economics and Institutions of Innovation 224, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  2. James P. LeSage & R. Kelley Pace, 2008. "Spatial Econometric Modeling Of Origin-Destination Flows," Journal of Regional Science, Wiley Blackwell, vol. 48(5), pages 941-967.

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