Holdings: International R and D Spillovers and Institutions

International R and D Spillovers and Institutions:

The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key...

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Main Author:	Hoffmaister, Alexander W. (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 2008
Series:	IMF Working Papers Working Paper No. 08/104
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in Coe and Helpman about the impact of domestic and foreign R&D capital stocks on TFP. In addition, we show that domestic and foreign R&D capital stocks have measurable impacts on TFP even after controlling for the impact of human capital. Furthermore, we extend the analysis to include institutional variables, such as legal origin and patent protection, in order to allow for parameter heterogeneity based on a country''s institutional characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that they impact the degree of R&D spillovers
Physical Description:	1 Online-Ressource (35 p)
ISBN:	1451869657 9781451869651

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spelling	Hoffmaister, Alexander W. Verfasser aut International R and D Spillovers and Institutions Hoffmaister, Alexander W Washington, D.C International Monetary Fund 2008 1 Online-Ressource (35 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/104 The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in Coe and Helpman about the impact of domestic and foreign R&D capital stocks on TFP. In addition, we show that domestic and foreign R&D capital stocks have measurable impacts on TFP even after controlling for the impact of human capital. Furthermore, we extend the analysis to include institutional variables, such as legal origin and patent protection, in order to allow for parameter heterogeneity based on a country''s institutional characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that they impact the degree of R&D spillovers Online-Ausg Coe, David T. Sonstige oth Helpman, Elhanan Sonstige oth http://elibrary.imf.org/view/IMF001/09236-9781451869651/09236-9781451869651/09236-9781451869651.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Hoffmaister, Alexander W. International R and D Spillovers and Institutions
title	International R and D Spillovers and Institutions
title_auth	International R and D Spillovers and Institutions
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title_full	International R and D Spillovers and Institutions Hoffmaister, Alexander W
title_fullStr	International R and D Spillovers and Institutions Hoffmaister, Alexander W
title_full_unstemmed	International R and D Spillovers and Institutions Hoffmaister, Alexander W
title_short	International R and D Spillovers and Institutions
title_sort	international r and d spillovers and institutions
url	http://elibrary.imf.org/view/IMF001/09236-9781451869651/09236-9781451869651/09236-9781451869651.xml
work_keys_str_mv	AT hoffmaisteralexanderw internationalranddspilloversandinstitutions AT coedavidt internationalranddspilloversandinstitutions AT helpmanelhanan internationalranddspilloversandinstitutions

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