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International R&D Spillovers Revisited

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  • Gwanghoon Lee

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Abstract

Using newly constructed panel data from seventeen OECD countries during 1971–2000, this paper examines the effect of international R&D spillovers via intermediate goods imports on a country’s productivity. Estimation models are built on the model of Coe and Helpman (1995). They are tested and estimated using improved econometric techniques for panel cointegration test and estimation. Estimation results confirm the robust positive effect of international R&D spillovers through the channel of intermediate goods imports. This contradicts recent skepticism about the results of Coe and Helpman (1995) that has been raised with the development of panel data econometrics. Copyright Springer Science + Business Media, Inc. 2005

Suggested Citation

  • Gwanghoon Lee, 2005. "International R&D Spillovers Revisited," Open Economies Review, Springer, vol. 16(3), pages 249-262, July.
  • Handle: RePEc:kap:openec:v:16:y:2005:i:3:p:249-262
    DOI: 10.1007/s11079-005-1024-0
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    File URL: http://hdl.handle.net/10.1007/s11079-005-1024-0
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    Cited by:

    1. Hugo Erken & Piet Donselaar & Roy Thurik, 0000. "Total Factor Productivity and the Role of Entrepreneurship," Tinbergen Institute Discussion Papers 09-034/3, Tinbergen Institute.
    2. Mendi, Pedro, 2007. "Trade in disembodied technology and total factor productivity in OECD countries," Research Policy, Elsevier, vol. 36(1), pages 121-133, February.
    3. Lee, Gwanghoon, 2006. "The effectiveness of international knowledge spillover channels," European Economic Review, Elsevier, vol. 50(8), pages 2075-2088, November.

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    Keywords

    trade; R&D; spillovers; panel data; cointegration;

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