International trade and R&D spillovers
Andrea Fracasso and
Giuseppe Vittucci Marzetti
Journal of International Economics, 2015, vol. 96, issue 1, 138-149
Abstract:
Departing from the usual tenets of proportionality between cross-border trade flows and knowledge spillovers, we investigate whether relatively intense trade relationships are associated with particularly large international R&D spillovers. A nonlinear specification nesting the hypothesis of global and trade-unrelated R&D spillovers is estimated on a sample of 24 advanced countries over 1971–2004. We find evidence that trade patterns positively affect the international transmission of knowledge, in particular when we consider bilateral trade flows that, thanks to the estimation of an auxiliary gravity model, are normalized for the size and the distance of the trading partners. Finally, we discuss the patterns of the bilateral relationships characterized by both relatively intense trade and large R&D spillovers.
Keywords: Knowledge spillovers; International R&D spillovers; International trade network; Total factor productivity (search for similar items in EconPapers)
JEL-codes: C23 F01 O30 O47 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (22)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:inecon:v:96:y:2015:i:1:p:138-149
DOI: 10.1016/j.jinteco.2015.01.010
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