Bi-directional R&D spillovers and operating performance: A two-tier stochastic frontier model

Zhiqiang Hu and Kaibing Pei

Economics Letters, 2020, vol. 195, issue C

Abstract: This paper quantitatively measures the incoming effect and outgoing effect of R&D spillovers using a two-tier stochastic frontier model and then empirically analyzes their separate and net roles in operating performance with a cross-section data of Chinese GEM listed enterprises over the period 2009–2017. We find that on average the incoming effect is larger than the outgoing effect at the observation level. However, the incoming effect and outgoing effect of R&D spillovers show heterogeneous characteristics in individual enterprises, and the incoming (outgoing, net) effect has a significant and positive (negative, positive) impact on operating performance.

Keywords: R&D spillovers; Incoming effect; Outgoing effect; Operating performance; Two-tier stochastic frontier model (search for similar items in EconPapers)
JEL-codes: C31 C51 M11 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:195:y:2020:i:c:s0165176520302998

DOI: 10.1016/j.econlet.2020.109485

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