Hoffmaister, Alexander W.; Coe, David T.; Helpman, Elhanan - International Monetary Fund (IMF) - 2008
. 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 …