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Asian and OECD international R&D spillovers

Author

Listed:
  • Madden, Gary G
  • Savage, Scott J
  • Bloxham, Paul

Abstract

Previous studies have demonstrated an empirical relationship between accumulated R&D expenditures and total factor productivity (TFP), and have shown that the benefits of R&D can spill across countries through trade. This paper extends these analyses to a sample of 15 OECD countries and six Asian countries, Chinese Taipei, India, Indonesia, Korea, Singapore and Thailand. An empirical model is estimated which relates TFP to domestic and foreign R&D activity, TFP catch-up and business cycle variables. Model estimates show that TFP and domestic R&D capital are positively related, and that domestic R&D has a relatively large impact on TFP growth in the NICs and LICs. Country-specific international R&D spillover elasticities are of mixed sign, and no apparent pattern by country group is evident. While this result does not change the earlier qualitative conclusions, it suggests that estimates of sample average R&D spillover elasticities should be cautiously interpreted.

Suggested Citation

  • Madden, Gary G & Savage, Scott J & Bloxham, Paul, 2001. "Asian and OECD international R&D spillovers," MPRA Paper 11155, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:11155
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    File URL: https://mpra.ub.uni-muenchen.de/11155/1/MPRA_paper_11155.pdf
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    References listed on IDEAS

    as
    1. Fagerberg, Jan, 1994. "Technology and International Differences in Growth Rates," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1147-1175, September.
    2. repec:fth:harver:1473 is not listed on IDEAS
    3. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters,in: R&D and Productivity: The Econometric Evidence, pages 287-343 National Bureau of Economic Research, Inc.
    4. Robert Summers & Alan Heston, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 327-368.
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    Citations

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    Cited by:

    1. Peri, Giovanni, 2003. "Knowledge Flows, R&D Spillovers and Innovation," ZEW Discussion Papers 03-40, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    2. Wen-Cheng Lu & Jong-Rong Chen & Chia-Ling Wang, 2006. "Granger causality test on R&D spatial spillovers and productivity growth," Applied Economics Letters, Taylor & Francis Journals, vol. 13(13), pages 857-861.
    3. Yuen Ping Ho & Poh Kam Wong & Mun Heng Toh, 2009. "The Impact Of R&D On The Singapore Economy: An Empirical Evaluation," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 54(01), pages 1-20.
    4. Madden, Gary & Savage, Scott J., 2000. "R&D spillovers, information technology and telecommunications, and productivity in ASIA and the OECD," Information Economics and Policy, Elsevier, vol. 12(4), pages 367-392, December.
    5. Sang-Yong Tom Lee & Xiao Jia Guo, 2004. "Information and Communications Technology (ICT) and Spillover: A Panel Analysis," Econometric Society 2004 Far Eastern Meetings 722, Econometric Society.
    6. Harrison, Ann & Rodríguez-Clare, Andrés, 2010. "Trade, Foreign Investment, and Industrial Policy for Developing Countries," Handbook of Development Economics, Elsevier.

    More about this item

    Keywords

    R&D activity; Asian and OECD spillovers;

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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