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Knowlegde Spillovers, absorptive capacity and growth: An industry-level Analysis for OECD countries

Ioannis Bournakis (), Dimitris Christopoulos () and Sushanta Mallick ()

No 147, FIW Working Paper series from FIW

Abstract: Spillovers have usually been undertaken at the country level, the spillover effects can be more definitive only if the analysis is conducted at the industry-level. This paper therefore attempts to identify spillovers by disentangling technological innovations into intra- and inter-national knowledge innovations at industry level in driving per capita output growth. Our main findings are first, that there is evidence for a robust positive relationship between R&D, human capital and output growth across these countries at industry-level. Second, the potential of international spillover gains is greater in countries with higher human capital and in industries whose pattern of production is more R&D oriented, import intensive, and dependent on vertical FDI. Finally, significant heterogeneity is found between high and low-tech industries with high-tech group displaying greater knowledge spillovers, suggesting that low-tech industries need to be more innovative in order to absorb the technological advancements of domestic and international rivals.

Keywords: Knowledge spillover; Industry-level productivity; R&D (search for similar items in EconPapers)
JEL-codes: F1 F6 O3 O4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ino, nep-knm and nep-sbm
Date: 2015-03
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Working Paper: Knowledge Spillovers, absorptive capacity and growth: An Industry-level Analysis for OECD Countries (2015) Downloads
Working Paper: Knowledge Spillovers, Absorptive Capacity and Growth: An Industry-level Analysis for OECD Countries (2015) Downloads
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