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National and International Spillovers from R&D: Comparing a Neoclassical and an Endogenous Growth Approach

Braconier, Henrik LU and Sjöholm, Fredrik LU (1998) In Review of World Economics 134. p.638-663
Abstract
National and International Spillovers from R&D: Comparing a Neoclassical and an Endogenous Growth Approach.— Two models where productivity growth is caused by spillovers from R&D are analyzed using a sample of nine manufacturing industries in six large OECD countries between 1979 and 1991. The first model is based on traditional productivity analysis, the second model on the endogenous growth theory. The empirical results indicate stronger support for the latter. The results suggest that spillovers from R&D exist within industries, both nationally and internationally, confined to industries that are relatively R&D-intensive. There is, however, little evidence of spillovers between industries. Finally, FDIs seem to... (More)
National and International Spillovers from R&D: Comparing a Neoclassical and an Endogenous Growth Approach.— Two models where productivity growth is caused by spillovers from R&D are analyzed using a sample of nine manufacturing industries in six large OECD countries between 1979 and 1991. The first model is based on traditional productivity analysis, the second model on the endogenous growth theory. The empirical results indicate stronger support for the latter. The results suggest that spillovers from R&D exist within industries, both nationally and internationally, confined to industries that are relatively R&D-intensive. There is, however, little evidence of spillovers between industries. Finally, FDIs seem to facilitate the diffusion of R&D results, but the authors do not find any effect on growth from R&D embodied in intermediate products. (Less)
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Contribution to journal
publication status
published
subject
keywords
Industrial productivity, Industrial growth, Productivity, Productivity growth, Endogenous growth theory, Industrial cycles, Regression coefficients, Variable coefficients, Economic fluctuations, Metals industries, O32, O40
in
Review of World Economics
volume
134
pages
638 - 663
publisher
Springer
ISSN
1610-2878
language
English
LU publication?
yes
id
9d09bac2-362d-4cde-b0fe-bf358ad00e88
alternative location
http://www.jstor.org/stable/40440696
date added to LUP
2017-10-12 17:51:31
date last changed
2017-10-13 09:53:10
@article{9d09bac2-362d-4cde-b0fe-bf358ad00e88,
  abstract     = {National and International Spillovers from R&D: Comparing a Neoclassical and an Endogenous Growth Approach.— Two models where productivity growth is caused by spillovers from R&D are analyzed using a sample of nine manufacturing industries in six large OECD countries between 1979 and 1991. The first model is based on traditional productivity analysis, the second model on the endogenous growth theory. The empirical results indicate stronger support for the latter. The results suggest that spillovers from R&D exist within industries, both nationally and internationally, confined to industries that are relatively R&D-intensive. There is, however, little evidence of spillovers between industries. Finally, FDIs seem to facilitate the diffusion of R&D results, but the authors do not find any effect on growth from R&D embodied in intermediate products. },
  author       = {Braconier, Henrik and Sjöholm, Fredrik},
  issn         = {1610-2878},
  keyword      = {Industrial productivity,Industrial growth,Productivity,Productivity growth,Endogenous growth theory,Industrial cycles,Regression coefficients,Variable coefficients,Economic fluctuations,Metals industries,O32,O40 },
  language     = {eng},
  pages        = {638--663},
  publisher    = {Springer},
  series       = {Review of World Economics},
  title        = {National and International Spillovers from R&D: Comparing a Neoclassical and an Endogenous Growth Approach},
  volume       = {134},
  year         = {1998},
}