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Spillovers in R&D activities: An empirical analysis of the Nordic countries

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  • Jan Bentzen
  • Valdemar Smith

Abstract

This paper analyzes the impact of public research and development (R&D) on private sector output. It is argued that giving away public R&D will increase the input supply of private R&D and, accordingly, will enlarge business sector output. A model based on panel data for all five Nordic countries is estimated by a maximum likelihood procedure allowing for nonlinear relationships. The hypothesis is also tested within a cointegration methodology framework. Evidence is present concerning national spillovers from public R&D to private R&D in Denmark, Finland, and Iceland. For Norway and Sweden, international spillover effects seem to be more dominant. Copyright International Atlantic Economic Society 2001

Suggested Citation

  • Jan Bentzen & Valdemar Smith, 2001. "Spillovers in R&D activities: An empirical analysis of the Nordic countries," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 7(2), pages 199-212, May.
    • Handle: RePEc:kap:iaecre:v:7:y:2001:i:2:p:199-212:10.1007/bf02296009
    DOI: 10.1007/BF02296009
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    References listed on IDEAS

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    1. Bruno Van Pottelsberghe & Henri Capron, 1997. "Public support to business R&D: a survey and some new quantitative evidence," ULB Institutional Repository 2013/6283, ULB -- Universite Libre de Bruxelles.
    2. Henrik Braconier & Fredrik Sjöholm, 1998. "National and international spillovers from R&D: Comparing a neoclassical and an endogenous growth approach," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 134(4), pages 638-663, December.
    3. Levy, David M., 1990. "Estimating the impact of government R&D," Economics Letters, Elsevier, vol. 32(2), pages 169-173, February.
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    1. Young-Don Cho & Hoo-Gon Choi, 2013. "Principal parameters affecting R&D exploitation of nanotechnology research: a case for Korea," Scientometrics, Springer;Akadémiai Kiadó, vol. 96(3), pages 881-899, September.
    2. repec:hig:wpaper:wp-brp-11-sti-2013 is not listed on IDEAS
    3. Evgeniy Kutsenko & Dirk Meissner, 2013. "Key Features Of The First Phase Of The National Cluster Program In Russia," HSE Working papers WP BRP 11/STI/2013, National Research University Higher School of Economics.
    4. Evgeniy Kutsenko, 2013. "Cluster policy in Russia: similarity and uniqueness," ERSA conference papers ersa13p331, European Regional Science Association.
    5. Dirk Meissner, 2012. "The Economic Impact of Spillovers from R&D and Innovation," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 6(4), pages 20-31.

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