Taking Keller seriously: trade and distance in international R&D spillovers
In a much cited paper, Wolfgang Keller (Are international R&D spillovers trade-related? Analyzing spillovers among randomly matched trade partners, European Economic Review, 48, 1469-1481, 1998) claims that international R&D spillovers are global and trade-unrelated. In following works, Keller revisits his position and maintains that spillovers are localized because the tacit nature of knowledge favors the direct interaction among agents. Whether the international R&D spillovers are global and trade-related still remains a debated issue in the empirical literature. By adopting two empirical specifications that nest Keller’s models, we i) reject the hypothesis that international R&D spillovers are global and ii) show that these latter depend on both geographical distance and international trade.
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- Andrea Fracasso & Giuseppe Vittucci Marzetti, 2011.
"Taking Keller seriously: trade and distance in international R&D spillovers,"
Openloc Working Papers
1102, Public policies and local development.
- Andrea Fracasso & Giuseppe Vittucci Marzetti, 2011. "Taking Keller seriously: trade and distance in international R&D spillovers," Department of Economics Working Papers 1106, Department of Economics, University of Trento, Italia.
- Lumenga-Neso, Olivier & Olarreaga, Marcelo & Schiff, Maurice, 2001.
"On 'Indirect' Trade-Related R&D Spillovers,"
CEPR Discussion Papers
2871, C.E.P.R. Discussion Papers.
- Rivera-Batiz, Luis A & Romer, Paul M, 1991.
"Economic Integration and Endogenous Growth,"
The Quarterly Journal of Economics,
MIT Press, vol. 106(2), pages 531-55, May.
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