The international dynamics of R&D and innovation in the long run and in the short run

• 成果类型: Article
• 署名作者: Bottazzi, Laura; Peri, Giovanni
• 署名单位: University of Bologna; University of California System; University of California Davis; National Bureau of Economic Research
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2007.02027.x
• 发表日期: 2007
• 页码: 486-511
• 关键词: time-series tests; geographic localization; development spillovers; knowledge spillovers; Panel cointegration; GROWTH; regression; patents; TRADE

摘要

In this article we estimate the dynamic relationship between employment in R&D and generation of knowledge as measured by patent applications across OECD countries. In several recently developed models, known as 'idea-based' models of growth, the 'idea-generating' process is the engine of productivity growth. Moreover, in real business cycle models technological shocks are an important source of fluctuations. Our empirical strategy is able to test whether knowledge spillovers are strong enough to generate sustained endogenous growth and to estimate the quantitative impact of international knowledge on technological innovation of a country in the short and in the long run.