The paper estimates the impact on Total Factor Productivity of trade-related R&D spillovers by accounting for the economic distance between countries. The Average Propagation Length foreign R&D covers to reach a domestic country is used in building the foreign available R&D stock and to estimate its TFP impact vs. that of the domestic R&D stock. With respect to 20 OECD countries in the period 1995–2005, the impact on TFP of the available foreign R&D stock is greater than that of the domestic one. Results support the models that recognize indirect trade-related R&D spillovers and provide for them a more accurate interpretation.
|Numero di pagine||11|
|Rivista||Structural Change and Economic Dynamics|
|Stato di pubblicazione||Pubblicato - 2011|
- Average Propagation Length
- International R&D spillovers
- Total Factor Productivity