National and International Spillovers from R&D: Comparing a Neoclassical and an Endogenous Growth Approach

Henrik Braconier and Fredrik Sjöholm
Additional contact information
Henrik Braconier: Department of Economics, Lund University, Postal: P.O. Box 7082, S-220 07 Lund, Sweden

No 211, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics

Abstract: Two models where productivity growth is caused by spillovers from R&D are analysed using a sample of nine manufacturing industries in six large OECD-countries between 1979 and 1991. The first model is based on traditional productivity analysis where growth in R&D stocks causes productivity growth. The second model is based on the endogenous growth literature where the level of R&D expenditures is assumed to increase productivity growth. The empirical results indicate stronger support for the latter model. The pattern of spillovers is also investigated. The results suggest that spillovers from R&D exist within industries, both nationally and internationally. There is, however, little evidence of spillovers between industries. The empirical evidence further suggests that intra-industry spillovers are confined to industries that are relatively R&D-intensive. Finally, direct foreign investment seem to facilitate the diffusion of R&D results, but we do not find any effect on growth from R&D embodied in intermediate products.

Keywords: R&D; spillovers; growth; trade; DFI (search for similar items in EconPapers)
JEL-codes: O32 O40 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1997-12-11
Note: Revised version forthcoming in Weltwirtshcaftliches Archiv (1998).
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Forthcoming in Weltwirtschaftliches Archiv.

Downloads: (external link)
http://swopec.hhs.se/hastef/papers/hastef0211.pdf.zip (application/pdf)
http://swopec.hhs.se/hastef/papers/hastef0211.pdf (application/pdf)
http://swopec.hhs.se/hastef/papers/hastef0211.ps.zip (application/postscript)
http://swopec.hhs.se/hastef/papers/hastef0211.ps (application/postscript)

Related works:
Journal Article: National and international spillovers from R&D: Comparing a neoclassical and an endogenous growth approach (1998)
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:hhs:hastef:0211

Access Statistics for this paper

More papers in SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Helena Lundin ().