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R&D, innovation and knowledge spillovers: An empirical reappraisal based on cross sectional dependence

Author

Listed:
  • Anna Bottasso

    (Department of Economics, University of Genoa)

  • Carolina Castagnetti

    (Department of Economics and Management, University of Pavia)

  • Maurizio Conti

    (Department of Economics, University of Genoa)

Abstract

Bottazzi and Peri (2007) show that the existence of a cointegrating relationship between the domestic stock of knowledge, domestic R&D and the international knowledge stock can be interpreted as evidence supporting the semi-endogenous growth models versus the endogenous growth ones. We replicate their study in a wide sense by analysing a slighlty wider sample of countries observed over a more recent time period and by estimating the cointegrating vector with an econometric methodology that is robust to cross sectional dependence. Our replication confirms Bottazzi and Peri’s main results but finds stronger spillover effects.

Suggested Citation

  • Anna Bottasso & Carolina Castagnetti & Maurizio Conti, 2013. "R&D, innovation and knowledge spillovers: An empirical reappraisal based on cross sectional dependence," DEM Working Papers Series 045, University of Pavia, Department of Economics and Management.
    • Handle: RePEc:pav:demwpp:demwp0045
    as

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    References listed on IDEAS

    as
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    7. Bottasso, Anna & Castagnetti, Carolina & Conti, Maurizio, 2013. "And yet they Co-move! Public capital and productivity in OECD," Journal of Policy Modeling, Elsevier, vol. 35(5), pages 713-729.
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