This paper examines the impact on TFP of North-South trade-related technology diffusion in Latin America and the … Caribbean (LAC). North-South R&D flows are constructed based on industry-specific R&D in the North, North-South trade patterns …) that taking into account the interaction effects between trade, education and governance by reforming the policies …

) of trade-related foreign R&D (NRD), education and governance. The measures of NRD are constructed based on industry …-specific R&D in the North, North-South trade patterns, and input-output relations in the South. The main findings are: i … variables - education, governance or openness - result in virtuous growth cycles. These are smallest under an increase in trade …