International Macroeconomic R&D Spillovers

Chris Edmond

Economic Analysis and Policy, 1998, vol. 28, issue 1, 17-37

Abstract: This paper fulfills four functions. First, it presents a self-contained survey of research on international R&D spillovers. Second, a number of new results are presented and briefly discussed. Third, the policy implications of the various empirical findings are examined, and finally, this paper outlines a number of relevant issues in econometric methodology. It is argued that two fundamental econometric problems combine to inherently limit the relevance of this R&D spillovers literature. However, despite these limitations, the macroeconomic approach to R&D spillovers provides additional information on a number of interesting issues in macroeconomics and international trade. In particular, the literature so far indicates that the returns to R&D capital are distributed in rough accordance with factor proportions theory and that more recent models of "semi-endogenous" growth are better supported than are the first wave of endogenous innovation models.

JEL-codes: F43 O33 (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:28:y:1998:i:1:p:17-37

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