R&D Spillovers and Global Growth

Tamim A Bayoumi, David Theodore Coe () and Elhanan Helpman

No 1467, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We examine the growth promoting roles of R&D, international R&D spillovers, and trade in a world econometric model. A country can raise its total factor productivity by investing in R&D. Countries can also boost their productivity by trading with other countries that have large ‘stocks of knowledge’ from their cumulative R&D activities. We use a special version of MULTIMOD that incorporates R&D spillovers among industrial countries and from industrial countries to developing countries. Our simulations suggest that R&D, R&D spillovers, and trade play important roles in boosting growth in industrial and developing countries.

Keywords: North-South; Productivity; R&D; Spillovers (search for similar items in EconPapers)
JEL-codes: O31 O40 (search for similar items in EconPapers)
Date: 1996-08
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Related works:
Working Paper: R&D Spillovers and Global Growth (1996)
Working Paper: R&D Spillovers and Global Growth (1996)
Working Paper: R&D Spillovers and Global Growth (1996)
Journal Article: R&D spillovers and global growth (1999)
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