Cross-Country R&D and Growth: Variations on a Theme of Mankiw-Romer-Weil

Walter Park and David Brat
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David Brat: Randolph-Macon College

Eastern Economic Journal, 1996, vol. 22, issue 3, 345-354

Abstract: This paper studies how international research and development (R&D) activities contribute to international differences in productivity. Domestic R&D is an important factor of production as are spillovers from foreign research. While cross-country differences in domestic research contribute to international differences in productivity, world research spillovers contribute to narrowing those differences. Furthermore, in the presence of international R&D spillovers, global increasing returns to research exist. This enhances the effect of world research on the growth rates of countries that receive spillovers.

Keywords: Growth; Productivity (search for similar items in EconPapers)
JEL-codes: O33 O47 (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:22:y:1996:i:3:p:345-354

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