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R&D spillovers and global growth

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Listed author(s):
  • Bayoumi, Tamim
  • Coe, David T.
  • Helpman, Elhanan

Abstract

We examine the growth promoting roles of R&D, international R&D spillovers, and trade in a world econometric model. A country can raise its total factor productivity by investing in R&D. Countries can also boost their productivity by trading with other countries that have large ‘stocks of knowledge’ from their cumulative R&D activities. We use a special version of MULTIMOD that incorporates R&D spillovers among industrial countries and from industrial countries to developing countries. Our simulations suggest that R&D, R&D spillovers, and trade play important roles in boosting growth in industrial and developing countries.

(This abstract was borrowed from another version of this item.)

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Article provided by Elsevier in its journal Journal of International Economics.

Volume (Year): 47 (1999)
Issue (Month): 2 (April)
Pages: 399-428

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Handle: RePEc:eee:inecon:v:47:y:1999:i:2:p:399-428
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505552

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Find related papers by JEL classification:
  • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
  • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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  13. Pierre Mohnen, 1994. "The Econometric Approach to R&D Externalities," Cahiers de recherche du Département des sciences économiques, UQAM 9408, Université du Québec à Montréal, Département des sciences économiques.
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