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A Maximum Entropy Approach to the Indenitication of Productive Technology Spillovers

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Author Info
Esteban – Los Fernández Vázquez

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Abstract

ABSTRACT : R&D activities by one industry often have positive effects on the productivity performance of other industries, as a consequence of technology spillovers. Econometric problems (such as multicollinearity), however, have prevented researchers from identifying the industries that have been responsible for the most important technology spillovers. This paper proposes an alternative estimation approach (Generalized Maximum Entropy econometrics), which can cope with datasets characterized by a high degree of multicollinearity. For a number of industries, rates of return to R&D expenditures by other industries are estimated on a bilateral basis. Furthermore, productivity effects of spillovers from the foreign counterparts of the industry are estimated. The analysis is done for eighteen industries in twelve OECD countries in the period 1976-1999.

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Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1106.

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Length: 21 pages
Date of creation: 12 Nov 2007
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Handle: RePEc:rif:dpaper:1106

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Bernstein, Jeffrey I, 1989. "The Structure of Canadian Inter-industry R&D Spillovers, and the Rates of Return to R&D," Journal of Industrial Economics, Blackwell Publishing, vol. 37(3), pages 315-28, March. [Downloadable!] (restricted)
  2. Verspagen, Bart, 1997. "Measuring Intersectoral Technology Spillovers: Estimates from the European and US Patent Office Databases," Economic Systems Research, Taylor and Francis Journals, vol. 9(1), pages 47-65, March.
  3. Adams, James D, 1990. "Fundamental Stocks of Knowledge and Productivity Growth," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 673-702, August. [Downloadable!] (restricted)
  4. Griliches, Zvi, 1992. " The Search for R&D Spillovers," Scandinavian Journal of Economics, Blackwell Publishing, vol. 94(0), pages S29-47, Supplemen.
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  5. Coe, David T. & Helpman, Elhanan, 1995. "International R&D spillovers," European Economic Review, Elsevier, vol. 39(5), pages 859-887, May. [Downloadable!] (restricted)
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  6. Adam B. Jaffe, 1986. "Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value," NBER Working Papers 1815, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  7. Zvi Griliches, 1979. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 92-116, Spring. [Downloadable!] (restricted)
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  8. Marcel P. Timmer & Mary O’Mahony & Bart van Ark, 2007. "EU KLEMS Growth and Productivity Accounts: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 14, pages 71-85, Spring. [Downloadable!]
  9. Sterlacchini, Alessandro, 1989. "R&D, Innovations, and Total Factor Productivity Growth in British Manufacturing," Applied Economics, Taylor and Francis Journals, vol. 21(11), pages 1549-62, November.
  10. Fraser, Iain, 2000. "An Application of Maximum Entropy Estimation: The Demand for Meat in the United Kingdom," Applied Economics, Taylor and Francis Journals, vol. 32(1), pages 45-59, January. [Downloadable!] (restricted)
  11. Goto, Akira & Suzuki, Kazuyuki, 1989. "R&D Capital, Rate of Return on R&D Investment and Spillover of R&D in Japanese Manufacturing Industries," The Review of Economics and Statistics, MIT Press, vol. 71(4), pages 555-64, November. [Downloadable!] (restricted)
  12. Jeffrey Bernstein & Ishaq Nadiri, 1988. "Interindustry R&D Spillovers, Rates of Return, and Production in High-Tech Industries," Carleton Industrial Organization Research Unit (CIORU) 88-01, Carleton University, Department of Economics.
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  13. Bart Los & Bart Verspagen, 2000. "R&D spillovers and productivity: Evidence from U.S. manufacturing microdata," Empirical Economics, Springer, vol. 25(1), pages 127-148. [Downloadable!] (restricted)
  14. Keller, Wolfgang, 1997. "Technology Flows between Industries: Identification and Productivity Effects," Economic Systems Research, Taylor and Francis Journals, vol. 9(2), pages 213-20, June.
  15. Keller, Wolfgang, 1998. "Are international R&D spillovers trade-related?: Analyzing spillovers among randomly matched trade partners," European Economic Review, Elsevier, vol. 42(8), pages 1469-1481, September. [Downloadable!] (restricted)
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  16. M. Ishaq Nadiri, 1993. "Innovations and Technological Spillovers," NBER Working Papers 4423, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  17. Johnson, Daniel & Evenson, Robert E, 1997. "Innovation and Invention in Canada," Economic Systems Research, Taylor and Francis Journals, vol. 9(2), pages 177-92, June.
  18. van Pottelsberghe de la Potterie, Bruno, 1997. "Issues in Assessing the Effect of Interindustry R&D Spillovers," Economic Systems Research, Taylor and Francis Journals, vol. 9(4), pages 331-56, December.
  19. Nadiri, M.I., 1993. "Innovations and Technological Spillovers," Working Papers 93-31, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
  20. Sakurai, Norihisa & Papaconstantinou, George & Ioannidis, Evangelos, 1997. "Impact of R&D and Technology Diffusion on Productivity Growth: Empirical Evidence for 10 OECD Countries," Economic Systems Research, Taylor and Francis Journals, vol. 9(1), pages 81-109, March.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Antti Lönnqvist, 2007. "Intellectual Capital and Productivity: Identification and the Measurement of the Relationship at Company-level," Discussion Papers 1108, The Research Institute of the Finnish Economy. [Downloadable!]
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