Conference proceeding
International R&D Spillovers: Trade, FDI, and Information Technology as Spillover Channels
2006 KDI-KAEA CONFERENCE ON ENHANCING PRODUCTIVITY AND SUSTAINING GROWTH, pp.32-63
01 Jan 2006
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
Technology has been a major driving force of economic growth. With the rapid pace of economic integration in recent years, the productivity of a country depends not only on domestic R&D, but also on foreign R&D through technology diffusion across countries. The advancement of information technology (IT) has made the international transmission of knowledge faster and more efficient in recent years, providing an important channel for international R&D spillovers. This paper investigates three channels of international R&D spillovers: trade, FDI and information technology. Applying panel cointegration and dynamic OLS analysis to the data for 21 OECD countries plus Israel during the period from 1981 to 1998, we find that bilateral trade remains as an important conduit for international R&D spillovers. Although bilateral FDI is found to be positively related to international R&D spillovers, their impact on productivity growth is relatively small at the national level. We also find that the development of information technology has played a more important role in international R&D spillovers and productivity growth in recent years.
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Details
- Title
- International R&D Spillovers: Trade, FDI, and Information Technology as Spillover Channels
- Creators
- Lei Zhu - Drexel UniversityBang Nam Jeon - Drexel University
- Contributors
- S Shim (Editor)
- Publication Details
- 2006 KDI-KAEA CONFERENCE ON ENHANCING PRODUCTIVITY AND SUSTAINING GROWTH, pp.32-63
- Conference
- 2006 KDI-KAEA CONFERENCE ON ENHANCING PRODUCTIVITY AND SUSTAINING GROWTH
- Publisher
- Korea Development Inst
- Number of pages
- 32
- Resource Type
- Conference proceeding
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Identifiers
- 991019330630204721
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