Knowledge Diffusion and Trade across Countries and Sectors
Jie Cai () and
Ana Maria Santacreu
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Nan Li: International Monetary Fund
No 692, 2017 Meeting Papers from Society for Economic Dynamics
Countries and sectors interact through knowledge spillovers and international trade flows. These interactions drive differences in income per capita and innovation not only across countries, but also across sectors within a country. We develop and quantify a model of innovation, knowledge diffusion and trade that can explain these differences. Using data on intersectoral patent citations, R&D expenditures and international trade flows, we calibrate the model and perform several counterfactual exercises. Decreases in trade costs or increases in the speed of diffusion reallocate resources across countries and sectors, generating a distributional effect on aggregate innovation and growth.
New Economics Papers: this item is included in nep-cse, nep-dge, nep-ino, nep-int, nep-knm, nep-tid and nep-ure
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Working Paper: Knowledge Diffusion and Trade Across Countries and Sectors (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed017:692
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