International R&D Spillovers, Trade and Productivity in Major OECD Countries
In this paper we (1) estimate the effects of international R&D spillovers on total factor productivity growth of the seven largest industrialized countries (G-7); (2) analyze the effect of spillovers on the structure of production , i.e. the effects on factor dema d such as labor and investment and output supply; (3) examine the effect of technological transfers on the pattern of trade, e.i. on imports and exports and (4) calculate the private rates of return on physical capital and R&D investment as well as the social rates of return on foreign R&D spillovers.
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