The Role of International Technological Spillovers in the Economic Growth of the OECD Countries
This paper explores the role of imports as a mechanism of transmission of international technological spillovers and the significance of these for the growth and economic convergence of the OECD countries. For this purpose a growth model is estimated that includes amongst its determinants a measure of the stock of technological knowledge. The results reveal first that international technological spillovers transmitted through imports have had a favourable influence on the economic growth of the OECD countries, Secondly, they suggest that the capacity of countries to take advantage of those spillovers depend on their own human and R&D capital endowments..
|Date of creation:||2001|
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|Note:||Working Paper n.6, 2001; pp 23|
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