Technological interdependence between South American countries: a spatial panel data growth model

Carolina Guevara-Rosero and Corinne Autant-Bernard

Revue d'économie régionale et urbaine, 2015, vol. mai, issue 1, 181-210

Abstract: This paper examines how R&D and innovation affected economic performance in different South American countries from 1990 to 2010. We consider a Schumpeterian growth model (Ertur and Koch, 2011) to assess the extent to which one country?s productivity affects the productivity of other countries and test the effectiveness of R&D in terms of direct and indirect impact on the economy. Different specifications of the spatial weight matrix are considered in order to investigate the different mechanisms of technological diffusion. The results suggest that public sector funded R&D investments and, to a lesser extent, private sector funded R&D, have a positive impact on these countries? productivity. We also observe that there are significant international spillovers from R&D activities. The ability to disseminate technologies and to take advantage of these international spillovers, however, differs from one country to another.

Keywords: knowledge spillovers; R&D investment; spatial dependence; South America; technology diffusion; JEL Codes: O3; O4; R11 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Technological interdependence between South American countries: a spatial panel data growth model (2015)
Working Paper: Technological Interdependence between South American Countries: A Spatial Panel Data Growth Model (2014)
Working Paper: Technological interdependence between south american countries: a spatial panel data growth model (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:cai:rerarc:reru_151_0181

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