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Are International R&D Spillovers Costly for the United States?

Luintel, Kul and Khan, Mosahid 2004. Are International R&D Spillovers Costly for the United States? The Review of Economics and Statistics 86 (4) , pp. 896-910. 10.1162/0034653043125266

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Abstract

Coe and Helpman, among others, report positive and equivalent R&D spillovers across groups of countries. However, the nature of their econometric tests does not address the heterogeneity of knowledge diffusion across countries. We empirically examine these issues in a sample of 10 OECD countries by extending both the time span and the coverage of R&D activities in the data set. We find that the elasticity of total factor productivity with respect to domestic and foreign R&D stocks is extremely heterogeneous across countries and that data cannot be pooled. Thus, panel estimates conceal important cross-country differences. The United States appears to be a net loser in international R&D spillovers. Our interpretation is that when competitors catch up technologically, they challenge U.S. market shares and investments worldwide.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
J Political Science > JK Political institutions (United States)
Additional Information: Pdf uploaded in accordance with publisher's policy at http://www.mitpressjournals.org/page/policies/authorposting (accessed 01/09/2014)
Publisher: MIT Press
ISSN: 0034-6535
Date of First Compliant Deposit: 30 March 2016
Last Modified: 04 Jun 2017 04:25
URI: http://orca.cardiff.ac.uk/id/eprint/38653

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