Are international R&D spillovers trade-related?: Analyzing spillovers among randomly matched trade partners
In this paper, I analyze recent findings by Coe and Helpman (1995) of trade-related international R&D spillovers. I show generally that randomly created bilateral trade shares also give rise to large estimated international R&D spillovers; often, in fact, to larger estimated spillover effects which are more precisely estimated than by employing the 'true' bilateral trade shares.
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