The role of R&D and input trade in productivity growth: innovation and technology spillovers

Dongyeol Lee

The Journal of Technology Transfer, 2020, vol. 45, issue 3, No 12, 908-928

Abstract: Abstract Productivity improvements generally are driven by technology innovation and its spillovers. This study explores the role of R&D investment and intermediate input trade in productivity growth using country-industry-level data for 25 advanced and emerging economies. This paper confirms that R&D investment and intermediate input import/export (both intra- and inter-industry) with technologically advanced economies play important roles in productivity growth in non-frontier countries. We further find that the productivity gains of technology spillovers via input trade channels are likely larger for countries/industries where technology converges to the frontier. These findings imply that the recent slowdown in R&D investment and intermediate input trade in some advanced economies may contribute to declining productivity growth. The potential productivity improvements from R&D investment and free trade as well as the importance of domestic capacity in facilitating technology spillovers should be recognized.

Keywords: Productivity; Research and development (R&D); Intermediate input trade; Innovation; Technology spillovers; F13; O31; O47 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (9)

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DOI: 10.1007/s10961-019-09717-0

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