Luintel, Kul ![]() |
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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 |
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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: | 08 May 2023 08:04 |
URI: | https://orca.cardiff.ac.uk/id/eprint/38653 |
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