International R&D Spillovers: Technology Transfer vs. R&D Synergies

Arbeitspapier

We estimate a model of international technological spillovers that allows for both international and inter-sectoral technology transfer, as well as international and intersectoral synergies in research and development (R&D). Furthermore we allow for a dynamic interaction in explaining total factor productivity (TFP). Relative to the existing literature, our model enables us make a judgment on the relative importance of the channels of international technology transmission. We find that direct technology transfer is positive while there are negative R&D spillovers. However, since R&D is found to positively affect TFP in own sector, the model implies that after accounting for both R&D and TFP spillovers, there is a total positive impact of R&D on TFP in the same sector while the overall impact of R&D on TFP in other sectors and countries is negative. Our results indicate that, by not distinguishing among different channels of transmission, some models previously estimated in the literature may suffer from omitted variable bias.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ECB Working Paper ; No. 1504

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
• Thema: International spillovers ; R&D ; research and development ; technology transfer ; TFP ; total factor productivity

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Dieppe, Alistair ; Mutl, Jan
• Ereignis: Veröffentlichung
• (wer): European Central Bank (ECB)
• (wo): Frankfurt a. M.
• (wann): 2013

Weitere Informationen

• Handle: http://hdl.handle.net/10419/153937
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ