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International R&D Spillovers: Trade, FDI, and Information Technology as Spillover Channels
Journal article   Peer reviewed

International R&D Spillovers: Trade, FDI, and Information Technology as Spillover Channels

Lei Zhu and Bang Nam Jeon
Review of international economics, v 15(5), pp 955-976
Nov 2007
DOI: https://doi.org/10.1111/j.1467-9396.2007.00691.x
Featured in Collection :   UN Sustainable Development Goals @ Drexel

Abstract

With the rapid pace of economic integration, 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, 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 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. 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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71 citations in Web of Science
81 citations in Scopus

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UN Sustainable Development Goals (SDGs)

This publication has contributed to the advancement of the following goals:

#9 Industry, Innovation and Infrastructure
#8 Decent Work and Economic Growth

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Collaboration types
Domestic collaboration
Web of Science research areas
Economics
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