Spillovers in R&D activities: An empirical analysis of the Nordic countries

Jan Bentzen and Valdemar Smith

International Advances in Economic Research, 2001, vol. 7, issue 2, 199-212

Abstract: This paper analyzes the impact of public research and development (R&D) on private sector output. It is argued that giving away public R&D will increase the input supply of private R&D and, accordingly, will enlarge business sector output. A model based on panel data for all five Nordic countries is estimated by a maximum likelihood procedure allowing for nonlinear relationships. The hypothesis is also tested within a cointegration methodology framework. Evidence is present concerning national spillovers from public R&D to private R&D in Denmark, Finland, and Iceland. For Norway and Sweden, international spillover effects seem to be more dominant. Copyright International Atlantic Economic Society 2001

Date: 2001
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DOI: 10.1007/BF02296009

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