International R&D spillovers between US and Japanese R&D intensive sectors

• 成果类型: Article
• 署名作者: Bernstein, JI; Mohnen, P
• 署名单位: Carleton University; University of Quebec; University of Quebec Montreal
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(97)00026-3
• 发表日期: 1998
• 页码: 315-338
• 关键词: international; R&D; spillover; PRODUCTIVITY; return

摘要

This paper empirically investigates bilateral spillovers between the U.S. and Japan. International spillovers exist from the U.S. to Japan, but not in the converse direction. In the short-run, the U.S. spillover reduces Japanese average variable cost, and causes production to become more physical and R&D capital intensive. In the long-run, the spillover reduces physical capital intensity, but production becomes more R&D intensive. In both runs Japanese unskilled labor intensity is reduced. The U.S. R&D spillover accounts for around 46% of Japanese productivity growth, and the international social rate of return to U.S. R&D capital is twice its private return. (C) 1998 Elsevier Science B.V.