International technology spillovers from trade: the importance of the technological gap

Jorge Crespo (), Carmela Martín and Francisco J. Velazquez ()
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Carmela Martín: Universidad Complutense de Madrid

Investigaciones Economicas, 2004, vol. 28, issue 3, 515-533

Abstract: This paper analyses two significant and to date open issues regarding the role of trade as a channel for international technology spillovers. The first refers to its relative impact on growth in comparison to that of own R&D spending. The second has to do with the importance of the technological gap to take advantage of foreign technology. For this purpose we estimate a version of the growth model proposed by Benhabib and Spiegel (1994), which includes some modifications to better capture the technology diffusion process. Our results first suggest that domestic R&D and human capital stocks are critical for foreign technology adoption. Secondly, they indicate that richer countries are more successful in taking advantage of international technology spillovers. (Copyright: Fundación SEPI)

Keywords: Technology diffusion; trade; growth. (search for similar items in EconPapers)
JEL-codes: F4 O0 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (12)

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