R&D Spillovers and Global Growth

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

No 5628, NBER Working Papers from National Bureau of Economic Research, Inc

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. But 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.

Date: 1996-06
Note: ITI
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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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