R&D spillovers and global growth

• 成果类型: Article
• 署名作者: Bayoumi, T; Coe, DT; Helpman, E
• 署名单位: International Monetary Fund; Harvard University
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(98)00018-X
• 发表日期: 1999
• 页码: 399-428
• 关键词: productivity; R & D; spillovers; North-South

摘要

We examine the growth promoting roles of R&D, international R&D spillovers, and trade in a world econometric model. A country can raise its total factor productivity by investing in R&D. But countries can also boost their productivity by trading with other countries that have large 'stocks of knowledge' from their cumulative R&D activities. We use a special version of MULTIMOD that incorporates R&D spillovers among industrial countries and from industrial countries to developing countries. Our simulations suggest that R&D, R&D spillovers, and trade play important roles in boosting growth in industrial and developing countries. (C) 1999 Elsevier Science B.V. All rights reserved.