The Search for R&D Spillovers
In: R&D and Productivity: The Econometric Evidence
R&D spillovers are, potentially, a major source of endogenous growth in various recent "New Growth Theory" models. This paper reviews the basic model of R&D spillovers and then focuses on the empirical evidence for their existence and magnitude. It reviews the older empirical literature with special attention to the econometric difficulties of actually coming up with convincing evidence on this topic. Taken individually,, many of the studies are flawed and subject to a variety of reservations, but the overall impression remains that R&D spillovers are both prevalent and important.
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This chapter was published in: | This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number
8349. | Handle: | RePEc:nbr:nberch:8349 | Contact details of provider: | Postal: | Phone: 617-868-3900 Web page: http://www.nber.org Email: More information through EDIRC
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