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International Trade and Economic Growth: A Possible Methodology for Estimating Cross-Border R&D Spillovers

Author

Listed:
  • Lawrence R. McNeil
  • Barbara M. Fraumeni

    (Bureau of Economic Analysis)

Abstract

The Bureau of Economic Analysis (BEA) has initiated a National Science Foundation (NSF) funded project to produce an official BEA/NSF R&D Satellite Account (R&DSA). This paper presents a possible trade-based methodology for estimating cross-border R&D spillovers, which reflects an important component of the overall project because spillovers may be formally integrated into the official BEA/NSF R&DSA. Beginning with Coe and Helpman (1995), we evaluate four methodologies used to estimate the impact of international R&D spillovers on economic growth and select Xu and Wang (1999) as the model most appropriate for calculating net outward spillovers. Based on our calculations, we conclude that including cross-border R&D spillovers would increase 1990 U.S. Gross Domestic Product by 0.33%.

Suggested Citation

  • Lawrence R. McNeil & Barbara M. Fraumeni, 2005. "International Trade and Economic Growth: A Possible Methodology for Estimating Cross-Border R&D Spillovers," BEA Papers 0047, Bureau of Economic Analysis.
  • Handle: RePEc:bea:papers:0047
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    File URL: https://www.bea.gov/papers/pdf/R&DSpillovers.pdf
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    References listed on IDEAS

    as
    1. Keller, Wolfgang, 1998. "Are international R&D spillovers trade-related?: Analyzing spillovers among randomly matched trade partners," European Economic Review, Elsevier, vol. 42(8), pages 1469-1481, September.
    2. Edmond, Chris, 2001. "Some Panel Cointegration Models of International R&D Spillovers," Journal of Macroeconomics, Elsevier, vol. 23(2), pages 241-260, April.
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    Cited by:

    1. Keller, Wolfgang, 2010. "International Trade, Foreign Direct Investment, and Technology Spillovers," Handbook of the Economics of Innovation, Elsevier.

    More about this item

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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