International R&D Spillovers and Institutions

Elhanan Helpman, David Coe () and Alexander Hoffmaister

No 6882, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in Coe and Helpman about the impact of domestic and foreign R&D capital stocks on TFP. In addition, we show that domestic and foreign R&D capital stocks have measurable impacts on TFP even after controlling for the impact of human capital. Furthermore, we extend the analysis to include institutional variables, such as legal origin and patent protection, in order to allow for parameter heterogeneity based on a country?s institutional characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that they impact the degree of R&D spillovers.

Keywords: Productivity; Institutions; Spillovers; R&d (search for similar items in EconPapers)
JEL-codes: O31 O40 O43 (search for similar items in EconPapers)
Date: 2008-06
New Economics Papers: this item is included in nep-eff, nep-ino, nep-ipr and nep-pr~
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (54)

Downloads: (external link)
https://cepr.org/publications/DP6882 (application/pdf)

Related works:
Journal Article: International R&D spillovers and institutions (2009)
Working Paper: International R&D Spillovers and Institutions (2008)
Working Paper: International R&D Spillovers and Institutions (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:6882

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP6882

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().