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Investment in research and development (R&D) affects a country's total factor productivity. Recently new theories of …
Persistent link: https://www.econbiz.de/10012474506
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...
Persistent link: https://www.econbiz.de/10012464577
Coe and Helpman(1995) have measured the extent to which technology spills over between industrialized countries through the particular channel of trade flows. This paper re-examines two particular features of their study. First, we suggest that their functional form of how foreign R&D affects...
Persistent link: https://www.econbiz.de/10012473174
The rate of university patenting increased dramatically during the 1980s. To what extent did the knowledge flow patterns associated with public sector inventions change as university administrators and faculty seemingly became more commercially oriented? Using a Herfindahl-type measure of patent...
Persistent link: https://www.econbiz.de/10012466021
enterprises' research operations, the latter being the most dynamic agents of technology transfer. With the further globalization …
Persistent link: https://www.econbiz.de/10012474527
This paper uses wavelets to decompose each stock's trading-volume variance into frequency-specific components. We find that stocks dominated by short-run fluctuations in trading volume have abnormal returns that are 1% per month higher than otherwise similar stocks where short-run fluctuations...
Persistent link: https://www.econbiz.de/10012455032
The challenge of mitigating climate change has focused recent attention on basic scientific research feeding into the …
Persistent link: https://www.econbiz.de/10012481080
We explore the determinants of research specialization across countries and its consequences for relative wages. Using … research regardless of trade barriers or research productivity. As long as trade barriers are not too high, faster diffusion … shifts research activity toward the country that does it better. This shift in research activity raises the relative wage …
Persistent link: https://www.econbiz.de/10012466280
This paper presents a new data set on the diffusion of about 115 technologies in over 150 countries over the last 200 years. We use this comprehensive data set to uncover general patterns of technology diffusion. Our main 5 findings are as follows: (i) Once the intensive margin is measured,...
Persistent link: https://www.econbiz.de/10012466743
I discuss the concept and empirical importance of international technology diffusion from the point of view of recent work on endogenous technological change. In this literature, technology is viewed as technological knowledge. I first review the major concepts, and how international technology...
Persistent link: https://www.econbiz.de/10012470145