Bianco, Dominique and Niang, Abdou-Aziz (2012): On International Spillovers. Forthcoming in: Economics Letters , Vol. 117, No. 1 (October 2012): pp. 280-282.
Download (244kB) | Preview
This study investigates the role of international spillovers in generating productivity gains for a panel of 24 OECD countries during the period between 1971 and 2004. We use recent techniques developed in a common factor framework to characterize the global interdependence implied by international spillovers and the diffusion mechanisms involved. Consistently with some recent studies in this field, the evidence suggests that there are substantial cross-country spillovers mainly related to R&D and human capital variables, which contribute significantly to productivity.
|Item Type:||MPRA Paper|
|Original Title:||On International Spillovers|
|Keywords:||Productivity, Spillovers, R&D, Human capital, Common factors|
|Subjects:||C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal Models
O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
|Depositing User:||Dominique Bianco|
|Date Deposited:||04. Sep 2012 19:37|
|Last Modified:||29. Sep 2015 13:02|
Aghion, P., Howitt, P., 1992. A model of growth through creative destruction. Econometrica 60, 323–351.
Bai, J., Ng, S., 2002. Determining the number of factors in approximate factor models. Econometrica 70, 191–221.
Bai, J., Ng, S., 2006. Evaluating latent and observed factors in macroeconomics and finance. Journal of Econometrics 131, 507–537.
Barro, R., Lee, J.-W., 2000. International data on educational attainment: updates and implications, Center for International Development at Harvard, University Working Paper No. 42.
Coe, D., Helpman, E., 1995. International R&D spillovers. European Economic Review 39, 859–897.
Coe, D., Helpman, E., Hoffmaister, A., 2009. International R&D spillovers and institutions. European Economic Review 53, 723–741.
Coe, D., Helpman, E., Hoffmaister, A., 1997. North–South R&D spillovers. Economic Journal 107, 134–149.
Eberhardt, M., Helmers, C., Strauss, H., 2010. Do spillovers matter when estimating the private returns to R&D? European Investment Bank, Economic and Financial Reports Number 2010/1.
Ertur, C., Koch, W., 2007. Growth, technological interdependence and spatial externalities: theory and evidence. Journal of Applied Econometrics 22,1033–1062.
Griffith, R., Ruppert, H., Van Reenen, J., 2006. How special is the special relationship? using the impact of US R&D spillovers on UK firms as a test of technology sourcing. American Economic Review 96, 1859–1875.
Grossman, P.M., Helpman, E., 1991. Innovation and Growth in the Global Economy. MIT Press, Cambridge, MA.
Lin, J., Wang, M., Cai, L., 2012. Are the Fama–French factors good proxies for latent risk factors? Evidence from the data of SHSE in China. Economics Letters 116,265–268.
López-Pueyo, C., Barcenilla-Visús, S., Sanaú, J., 2008. International R&D spillovers and manufacturing productivity: a panel data analysis. Structural Change and Economic Dynamics 19, 152–172.
Lucas, R.E., 1988. On the mechanics of economic development. Journal of Monetary Economics 22, 3–42.
Lucas, R.E., 1993. Making a miracle. Econometrica 61, 251–271.
Moon, H.R., Perron, B., 2007. An empirical analysis on nonstationarity in panels of interest rates with factors. Journal of Applied Econometrics 22, 383–400.
Musolesi, A., 2007. R&D and productivity in 16 OECD countries: some heterogeneous panel estimations. Applied Economics Letters 14, 493–496.
Romer, P., 1990. Endogenous technical change. Journal of Political Economy 98,71–102.