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R&D Spillovers and Growth: Specialization Matters

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  • Arjan Lejour
  • Richard Nahuis

Abstract

We explore the relationship between openness and growth by taking a closer look at trade-related knowledge spillovers at the industry level. First, we estimate the relation between sectoral R&D expenditures, trade-related spillovers, and growth. Next, we incorporate these R&D linkages in a computable general-equilibrium model for the world economy. We simulate trade liberalization in the model with R&D spillovers and compare the effects on GDP in different regions with a non-R&D-based model simulation. We find that the GDP effects of trade liberalization are magnified considerably by R&D spillovers for some regions-notably Japan and Southeast Asia. In other regions, such as China, the additional GDP effects are modest. These findings can be traced back to changing specialization and import patterns. Copyright 2005 International Monetary Fund.

Suggested Citation

  • Arjan Lejour & Richard Nahuis, 2005. "R&D Spillovers and Growth: Specialization Matters," Review of International Economics, Wiley Blackwell, vol. 13(5), pages 927-944, November.
  • Handle: RePEc:bla:reviec:v:13:y:2005:i:5:p:927-944
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    References listed on IDEAS

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    1. Olarreaga, Marcelo & Schiff, Maurice & Wang, Yanling, 2003. "North-South and South-South Trade-Related Technology Diffusion: An Industry Level Analysis," CEPR Discussion Papers 3711, C.E.P.R. Discussion Papers.
    2. Francisco Rodriguez & Dani Rodrik, 2001. "Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence," NBER Chapters,in: NBER Macroeconomics Annual 2000, Volume 15, pages 261-338 National Bureau of Economic Research, Inc.
    3. David T. Coe & Willy W. Hoffmaister, 1999. "Are There International R&D Spillovers Among Randomly Matched Trade Partners? A Response to Keller," IMF Working Papers 99/18, International Monetary Fund.
    4. Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: A Skeptic's Guide to Cross-National Evidence," NBER Working Papers 7081, National Bureau of Economic Research, Inc.
    5. repec:umd:umdeco:rodriguez9901 is not listed on IDEAS
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    Cited by:

    1. Gelauff, George & Lejour, Arjan, 2006. "The new Lisbon Strategy: An estiamtion of the impact of reaching 5 Lisbon targets," MPRA Paper 16168, University Library of Munich, Germany.
    2. Pahan Prasada, 2011. "National and supranational institutions and trade," STUDIES IN TRADE AND INVESTMENT,in: Trade-led growth: A sound strategy for Asia, chapter 10 United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    3. Arjan Lejour & Paul Veenendaal & Gerard Verweij & Nico van Leeuwen, 2006. "Worldscan; a model for international economic policy analysis," CPB Document 111, CPB Netherlands Bureau for Economic Policy Analysis.
    4. Raouf, BOUCEKKINE & Marc, GERMAIN, 2007. "Impacts of emission reduction policies in a multi-regional multi-sectoral small open economy with endogenous growth," Discussion Papers (ECON - Département des Sciences Economiques) 2007010, Université catholique de Louvain, Département des Sciences Economiques.
    5. Andrea Fracasso & Giuseppe Vittucci Marzetti, 2013. "An empirical note on international R&D spillovers," Empirical Economics, Springer, vol. 45(1), pages 179-191, August.

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