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This chapter examines how international flows of technological knowledge affect economic performance across industries and firms across different countries. Motivated by the large share of the world's technology investments made by firms that are active across country borders, we focus on...
Persistent link: https://www.econbiz.de/10014025152
Patent race models assume that an innovator wins the only patent covering a product. But when technologies are complex … patent standards are low, firms build "thickets" of patents, especially incumbent firms in mature industries. When they … other hand, when lead time advantages are significant and patent standards are high, firms pursue strategies of "mutual non …
Persistent link: https://www.econbiz.de/10014110256
Research and development (R&D) tax credits are widely employed among the OECD countries to promote business sector investments in innovation. The implementation of R&D tax credit schemes, however, varies across countries. The empirical research on the effectiveness of R&D tax incentives suggests...
Persistent link: https://www.econbiz.de/10013179659
Persistent link: https://www.econbiz.de/10009573176
There has been a concomitant rise in R&D and the rate of economic growth in emerging countries. Analyzing a panel of 31 emerging countries, we find convincing evidence of scale effects which make government policies potent for long-run growth. This contrasts sharply with the well known findings...
Persistent link: https://www.econbiz.de/10011471761
variety, such benefits are procyclical, and investors therefore demand higher returns for holding these stocks. Using patent …
Persistent link: https://www.econbiz.de/10012854307
using Patent and R&D data, 1977-1995. After correcting for the endogeneity bias we find that the elasticity of innovative …
Persistent link: https://www.econbiz.de/10013321122
This paper investigates the role of cross-country spillovers in renewable energy technologies. The balance between international and domestic knowledge sourcing in energy innovation is still an open question. Recent studies show that a few countries develop new high-quality technologies, but...
Persistent link: https://www.econbiz.de/10014192233
Convergence in per capita income across countries turns on whether technological knowledge spillover are global or local. This paper estimates the amount of spillover from R&D expenditures in major industrialized countries on a geographic basis. A new data set is used which encompasses most of...
Persistent link: https://www.econbiz.de/10014164142
I present a model of R&D-driven growth which predicts that technology, in form of product designs and created through R&D investments, is transmitted to other domestic and foreign sectors by being embodied in differentiated intermediate goods. Empirical results are presented employing data from...
Persistent link: https://www.econbiz.de/10014089032