R&D, Spatial Spillovers and Productivity Growth: Evidence from Dynamic Panel
نویسندگان
چکیده
This paper investigates the relationship between R&D stock and productivity growth, while taking into account the effect of spatial spillovers. We propose a homogeneous dynamic panel data model and three heterogeneous dynamic panel data models to consider the individual effect as well as endogenous. We also distinguish between the estimated long-run and short-run results. Our results indicate that both the R&D stock and R&D spatial spillovers positively affect productivity growth in the short-run as well as in the long-run.
منابع مشابه
Foreign Knowledge Spillovers and Total Factor Productivity Growth: Evidence from Four ASEAN Countries
This study examines the dynamic relationship between foreign direct investment (FDI) and total factor productivity having controlled for other channels of external openness: exports and imports in four ASEAN countries: Indonesia, Malaysia, Singapore, and Thailand. We employ the panel data analysis PDA (fixed effect and dynamic panel models) as well as the panel cointegration and Granger causali...
متن کاملSpatial Spillover Effect of Public Infrastructure in Different GDP Sector Compositions: Spatial Panel Evidence in Eu-28 Regions
Spillovers have attracted wide attention in the areas of research in economics during the past decades. The reason for the interest in the topic lies in their important role in endogenous growth theory and the explanation of productivity growth. This paper investigates the spatial spillover of different types of public infrastructure on economic growth across EU-28 NUTS-II regions during 1995-2...
متن کاملInternational , intersectoral or both ? In search for the nature of R & D Spillovers ∗
The aim of this paper is to identify the nature of R&D spillovers from an intersectoral, international as well as combined international-intersectoral perspective. We use panel data for sub-sectors of the manufacturing industry among 13 OECD countries in the period 1988 to 2006. We estimate Griliches-type knowledge production functions at the aggregate level along with two-digit industry level,...
متن کاملDEPARTMENT OF ECONOMICS WORKING PAPER SERIES R&D Spillovers Through Trade in a Panel of OECD Industries
This paper investigates the significance of Research and Development (R&D) spillovers through intraand international trade in intermediate goods for productivity growth in a panel of OECD industries during 1973-1994. In the model, four different sources of R&D are identified: R&D conducted in the particular industry itself, R&D conducted in the same industries in other countries, R&D conducted ...
متن کاملInternational R&D Spillovers and Productivity Growth in the Agricultural Sector. A Panel Cointegration Approach
This paper analyses, within the new growth theory framework and using panel cointegration techniques, the effect of agricultural international technological spillovers on total factor productivity growth for a sample of 47 countries during the period 1970-1992. The analysis shows that total factor productivity is strongly influenced by domestic as well as foreign public R&D spending in agricult...
متن کامل