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A Maximum Entropy Approach to the Indenitication of Productive Technology Spillovers

  • Fernández Vázquez, Esteban
  • Los, Bart

R&D activities by one industry often have positive effects on the productivity performance of other industries, as a consequence of technology spillovers. Econometric problems (such as multicollinearity), however, have prevented researchers from identifying the industries that have been responsible for the most important technology spillovers. This paper proposes an alternative estimation approach (Generalized Maximum Entropy econometrics), which can cope with datasets characterized by a high degree of multicollinearity. For a number of industries, rates of return to R&D expenditures by other industries are estimated on a bilateral basis. Furthermore, productivity effects of spillovers from the foreign counterparts of the industry are estimated. The analysis is done for eighteen industries in twelve OECD countries in the period 1976-1999.

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Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1106.

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Length: 21 pages
Date of creation: 2007
Date of revision:
Handle: RePEc:rif:dpaper:1106
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  1. Goto, Akira & Suzuki, Kazuyuki, 1989. "R&D Capital, Rate of Return on R&D Investment and Spillover of R&D in Japanese Manufacturing Industries," The Review of Economics and Statistics, MIT Press, vol. 71(4), pages 555-64, November.
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  3. Bernstein, Jeffrey I, 1989. "The Structure of Canadian Inter-industry R&D Spillovers, and the Rates of Return to R&D," Journal of Industrial Economics, Wiley Blackwell, vol. 37(3), pages 315-28, March.
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  5. Adam B. Jaffe, 1986. "Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value," NBER Working Papers 1815, National Bureau of Economic Research, Inc.
  6. Zvi Griliches, 1979. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 92-116, Spring.
  7. Coe, D.T. & Helpman, E., 1993. "International R&D Spillovers," Papers 5-93, Tel Aviv.
  8. Norihisa Sakurai & George Papaconstantinou & Evangelos Ioannidis, 1997. "Impact of R&D and Technology Diffusion on Productivity Growth: Empirical Evidence for 10 OECD Countries," Economic Systems Research, Taylor & Francis Journals, vol. 9(1), pages 81-109.
  9. Marcel P. Timmer & Mary O’Mahony & Bart van Ark, 2007. "EU KLEMS Growth and Productivity Accounts: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 14, pages 71-85, Spring.
  10. Nadiri, M.I., 1993. "Innovations and Technological Spillovers," Working Papers 93-31, C.V. Starr Center for Applied Economics, New York University.
  11. Bruno Van Pottelsberghe, 1997. "Issues in assessing the effect of interindustry R&D spillovers," ULB Institutional Repository 2013/6235, ULB -- Universite Libre de Bruxelles.
  12. B. Los & B. Verspagen, 2007. "Technology Spillovers and their Impact on Productivity," Chapters, in: Elgar Companion to Neo-Schumpeterian Economics, chapter 35 Edward Elgar.
  13. M. Ishaq Nadiri, 1993. "Innovations and Technological Spillovers," NBER Working Papers 4423, National Bureau of Economic Research, Inc.
  14. Zvi Griliches, 1998. "The Search for R&D Spillovers," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 251-268 National Bureau of Economic Research, Inc.
  15. Iain Fraser, 2000. "An application of maximum entropy estimation: the demand for meat in the United Kingdom," Applied Economics, Taylor & Francis Journals, vol. 32(1), pages 45-59.
  16. Golan, Amos & Morttie, Enrico & Perloff, Jeffrey M, 1998. "An information based sample-selection estimation model of agricultural workers' choice between piece-rate and hourly work," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1bz9m60s, Department of Agricultural & Resource Economics, UC Berkeley.
  17. Bernstein, Jeffrey I. & Nadiri, M. Ishaq, 1988. "Interindustry R&D, Rates of Return and Production in High-Tech Industries," Working Papers 88-04, C.V. Starr Center for Applied Economics, New York University.
  18. Bernstein, Jeffrey I & Nadiri, M Ishaq, 1988. "Interindustry R&D Spillovers, Rates of Return, and Production in High-Tech Industries," American Economic Review, American Economic Association, vol. 78(2), pages 429-34, May.
  19. Bart Verspagen, 1997. "Measuring Intersectoral Technology Spillovers: Estimates from the European and US Patent Office Databases," Economic Systems Research, Taylor & Francis Journals, vol. 9(1), pages 47-65.
  20. Daniel Johnson & Robert Evenson, 1997. "Innovation and Invention in Canada," Economic Systems Research, Taylor & Francis Journals, vol. 9(2), pages 177-192.
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  22. Golan, Amos & Judge, George G. & Miller, Douglas, 1996. "Maximum Entropy Econometrics," Staff General Research Papers 1488, Iowa State University, Department of Economics.
  23. Bart Los & Bart Verspagen, 2000. "R&D spillovers and productivity: Evidence from U.S. manufacturing microdata," Empirical Economics, Springer, vol. 25(1), pages 127-148.
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