The paper estimates the impact on Total Factor Productivity of trade-related R&D spillovers by accounting for the economic distance between countries. The Average Propagation Length foreign R&D covers to reach a domestic country is used in building the foreign available R&D stock and to estimate its TFP impact vs. that of the domestic R&D stock. With respect to 20 OECD countries in the period 1995-2005, the impact on TFP of the available foreign R&D stock is greater than that of the domestic one. Results support the models that recognize indirect trade-related R&D spillovers and provide for them a more accurate interpretation
Franco, C., Montresor, S., VITTUCCI MARZETTI, G. (2011). On indirect trade-related R&D spillovers: the “Average Propagation Length” of foreign R&D. STRUCTURAL CHANGE AND ECONOMIC DYNAMICS, 22(3), 227-237 [10.1016/j.strueco.2011.04.003].
On indirect trade-related R&D spillovers: the “Average Propagation Length” of foreign R&D
VITTUCCI MARZETTI, GIUSEPPE
2011
Abstract
The paper estimates the impact on Total Factor Productivity of trade-related R&D spillovers by accounting for the economic distance between countries. The Average Propagation Length foreign R&D covers to reach a domestic country is used in building the foreign available R&D stock and to estimate its TFP impact vs. that of the domestic R&D stock. With respect to 20 OECD countries in the period 1995-2005, the impact on TFP of the available foreign R&D stock is greater than that of the domestic one. Results support the models that recognize indirect trade-related R&D spillovers and provide for them a more accurate interpretation
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