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International R&D Spillovers And Productivity Trends In The Asian Miracle Economies

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  • JAMES B. ANG
  • JAKOB B. MADSEN

Abstract

This paper examines the importance of the domestic R&D stock and foreign knowledge spillovers on total factor productivity for six Asian miracle economies over the period from 1955 to 2006. The productivity effects of international knowledge spillovers through the following channels are considered: imports, exports, inward foreign direct investment, patents, geographical proximity and no specific channel. The estimates show that knowledge has been transmitted through all the channels considered but that the import channel and the no-weighting channel have probably been the most important ones for the Asian miracle economies.
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  • James B. Ang & Jakob B. Madsen, 2013. "International R&D Spillovers And Productivity Trends In The Asian Miracle Economies," Economic Inquiry, Western Economic Association International, vol. 51(2), pages 1523-1541, April.
  • Handle: RePEc:bla:ecinqu:v:51:y:2013:i:2:p:1523-1541
    DOI: j.1465-7295.2012.00488.x
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    Cited by:

    1. Bournakis, Ioannis & Christopoulos, Dimitris & Mallick, Sushanta, 2015. "Knowledge Spillovers and Output per Worker: An Industry-level Analysis for OECD Countries," MPRA Paper 84948, University Library of Munich, Germany, revised 05 Oct 2016.
    2. Bournakis, Ioannis & Christopoulos, Dimitris & Mallick, Sushanta, 2015. "Knowledge Spillovers, Absorptive Capacity and Growth: An Industry-level Analysis for OECD Countries," MPRA Paper 63542, University Library of Munich, Germany.
    3. Deming Zeng & Luyun Xu & Xia-an Bi, 2017. "Effects of asymmetric knowledge spillovers on the stability of horizontal and vertical R&D cooperation," Computational and Mathematical Organization Theory, Springer, vol. 23(1), pages 32-60, March.
    4. Krammer, Sorin M.S., 2014. "Assessing the relative importance of multiple channels for embodied and disembodied technological spillovers," Technological Forecasting and Social Change, Elsevier, vol. 81(C), pages 272-286.
    5. James B. Ang & Jakob B. Madsen, 2012. "Risk capital, private credit, and innovative production," Canadian Journal of Economics, Canadian Economics Association, vol. 45(4), pages 1608-1639, November.
    6. Colin Davis & Ken-ichi Hashimoto, 2016. "Innovation and Manufacturing Offshoring with Fully Endogenous Productivity Growth," Discussion Papers 1636, Graduate School of Economics, Kobe University.
    7. James Ang & Jakob Madsen, 2015. "Imitation versus innovation in an aging society: international evidence since 1870," Journal of Population Economics, Springer;European Society for Population Economics, vol. 28(2), pages 299-327, April.
    8. repec:spr:weltar:v:153:y:2017:i:4:d:10.1007_s10290-017-0282-4 is not listed on IDEAS
    9. Md. Rabiul Islam & James B. Ang & Jakob B. Madsen, 2014. "Quality-Adjusted Human Capital And Productivity Growth," Economic Inquiry, Western Economic Association International, vol. 52(2), pages 757-777, April.
    10. Heike Belitz & Florian Mölders, 2016. "International knowledge spillovers through high-tech imports and R&D of foreign-owned firms," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 25(4), pages 590-613, June.
    11. Krammer, Sorin M.S., 2015. "Do good institutions enhance the effect of technological spillovers on productivity? Comparative evidence from developed and transition economies," Technological Forecasting and Social Change, Elsevier, vol. 94(C), pages 133-154.
    12. Chen, Shiu-Sheng, 2017. "Exchange rate undervaluation and R&D activity," Journal of International Money and Finance, Elsevier, vol. 72(C), pages 148-160.
    13. Colin Davis & Ken-ichi Hashimoto, 2015. "Corporate Tax Policy and Industry Location with Fully Endogenous Productivity Growth," Discussion Papers 1527, Graduate School of Economics, Kobe University.
    14. James B. ANG, 2014. "Innovation and Financial Liberalization: The Case of India," Economic Growth Centre Working Paper Series 1404, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    15. Ang, James B., 2014. "Innovation and financial liberalization," Journal of Banking & Finance, Elsevier, vol. 47(C), pages 214-229.
    16. Paula Puskarova & Philipp Piribauer, 2014. "The impact of knowledge spillovers on regional total factor productivity. New empirical evidence from selected European countries," ERSA conference papers ersa14p1813, European Regional Science Association.

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    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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