The existence of R&D spillovers: A cost function estimation with random coefficients

Petri Rouvinen

Economics of Innovation and New Technology, 2002, vol. 11, issue 6, 525-541

Abstract: This is a study of the effects of R&D spillovers on the cost and production structures of Finnish manufacturing firms. Confidential data on firms is used to estimate a translog cost function system with random coefficients. Although the results suggest that intra-industry spillovers are present in Finnish manufacturing, the findings regarding inter-industry spillovers are inconclusive. The variable cost reduction associated with spillovers is positive, but relatively low. Spillovers reduce the demand for labor but increase the demand for materials. Spillovers also reduce the willingness to pay for capital inputs.

Keywords: R&D Spillovers; Externalities; Cost Function; Panel Data; Finnish Manufacturing; Random Coefficients (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (18)

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DOI: 10.1080/10438590214339

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