International R D Spillovers And Institutions

Author : Mr.David T. Coe,Mr.Elhanan Helpman,Mr.Alexander W. Hoffmaister
Publisher : INTERNATIONAL MONETARY FUND
Page : 0 pages
File Size : 48,8 Mb
Release : 2008-04-01
Category : Business & Economics
ISBN : 1451869657

Get Book

International R&D Spillovers and Institutions by Mr.David T. Coe,Mr.Elhanan Helpman,Mr.Alexander W. Hoffmaister Pdf

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 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 origin and patent protection, in order to allow for parameter heterogeneity based on a country's institutional characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that they impact the degree of R&D spillovers.

Author : David T. Coe
Publisher : Unknown
Page : 34 pages
File Size : 41,7 Mb
Release : 2010
Category : Electronic
ISBN : OCLC:1290808490

Get Book

International R&D Spillovers and Institutions by David T. Coe Pdf

The empirical analysis in quot;International Ramp;D Spilloversquot; (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 Coe and Helpman about the impact of domestic and foreign Ramp;D capital stocks on TFP. In addition, we show that domestic and foreign Ramp;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 origin and patent protection, in order to allow for parameter heterogeneity based on a country's institutional characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that they impact the degree of Ramp;D spillovers.

Author : Naoto Jinji,Xingyuan Zhang,Shoji Haruna
Publisher : Springer Nature
Page : 191 pages
File Size : 55,7 Mb
Release : 2022
Category : Economic history
ISBN : 9789811652103

Get Book

Deep Integration, Global Firms, and Technology Spillovers by Naoto Jinji,Xingyuan Zhang,Shoji Haruna Pdf

This open access book explores the impact of deep regional economic integration on spillovers of knowledge and technology across countries. Deep integration through signing deep regional trade agreements (DRTAs), which cover various policy areas in addition to tariff reductions, may or may not facilitate technology spillovers among their signatories. To understand the mechanism of the impact of deep integration on technology spillovers, this book starts by analyzing the behavior of global firms. Factors that affect global firms' activities, such as export, foreign direct investment (FDI), offshore outsourcing, are examined. Micro data on Japanese firms are employed for the analysis. Then, the relationships between bilateral trade patterns and technology spillovers and between types of FDI and technology spillovers are investigated in detail. Patent citation data are used to measure technology spillovers. Finally, the impact of DRTAs on international technology spillovers is analyzed. This book is highly recommended to readers who are interested in the effects of deep regional integration, including academic scholars, policymakers, and graduate students. [Resumen de la editorial]

Author : M.P. Feldman,Nadine Massard
Publisher : Springer Science & Business Media
Page : 392 pages
File Size : 45,7 Mb
Release : 2001-12-31
Category : Science
ISBN : 0792376145

Get Book

Institutions and Systems in the Geography of Innovation by M.P. Feldman,Nadine Massard Pdf

This volume provides a collection of theoretical articles and empirical studies on innovation and location by focusing on the institutions and systems that mediate knowledge spillovers. The objective is to provide an international comparison using a variety of approaches. The volume is organized around the three themes. The first focuses on theoretical work that attempts to advance our understanding of knowledge externalities and systems on innovation. The second section provides empirical studies that attempt to measure these impacts. The final section considers future challenges to regional economic development policy in the face of economic integration and globalization.

Author : Rui Albuquerque,Mr.Luis Brandao-Marques,Miguel A. Ferreira,Pedro Matos
Publisher : International Monetary Fund
Page : 41 pages
File Size : 49,5 Mb
Release : 2013-11-12
Category : Business & Economics
ISBN : 9781475515138

Get Book

International Corporate Governance Spillovers by Rui Albuquerque,Mr.Luis Brandao-Marques,Miguel A. Ferreira,Pedro Matos Pdf

We develop and test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data on cross-border mergers and acquisitions (M&A) and corporate governance in 22 countries, we find that cross-border M&As are associated with subsequent improvements in the governance, valuation, and productivity of the target firms’ local rivals. This positive spillover effect is stronger when the acquirer is from a country with stronger shareholder protection and if the target’s industry is more competitive. We conclude that the international market for corporate control promotes the adoption of better corporate governance practices around the world.

Author : Thomas Farole,Deborah Winkler
Publisher : World Bank Publications
Page : 302 pages
File Size : 47,5 Mb
Release : 2014-01-13
Category : Business & Economics
ISBN : 9781464801266

Get Book

Making Foreign Direct Investment Work for Sub-Saharan Africa by Thomas Farole,Deborah Winkler Pdf

This book presents the results of a groundbreaking study on ‘spillovers’ of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.

Author : Rachel Griffith,Stephen Redding,John Van Reenen
Publisher : Unknown
Page : 88 pages
File Size : 53,5 Mb
Release : 2000
Category : Economics
ISBN : UVA:X006091537

Get Book

Mapping the Two Faces of R&D by Rachel Griffith,Stephen Redding,John Van Reenen Pdf

Author : Frank R. Lichtenberg
Publisher : Unknown
Page : 24 pages
File Size : 53,6 Mb
Release : 1996
Category : Research, Industrial
ISBN : OCLC:35308780

Get Book

International R&D Spillovers by Frank R. Lichtenberg Pdf

Abstract: 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 domestic productivity via imports is probably incorrect. We provide an alternative model which turns out to be more accurate, both theoretically and empirically. Second, we take into account two new potential channels of technology transfer: inward FDI and technology sourcing, as proxied by outward FDI. The empirical results show that outward FDI flows and imports flows are two simultaneous channels through which technology is internationally diffused. Inward FDI flows are not a significant channel of technology transfer. The hypothesis of technology sourcing associated with MNEs activities abroad is therefore confirmed while the widespread belief that inward FDI is a major channel of technology transfer is rejected

Author : World Bank
Publisher : World Bank Publications
Page : 158 pages
File Size : 55,6 Mb
Release : 2007-10-15
Category : Science
ISBN : 0821372262

Get Book

International Trade and Climate Change by World Bank Pdf

Climate change remains a global challenge requiring international collaborative action. Another area where countries have successfully committed to a long-term multilateral resolution is the liberalization of international trade. Integration into the world economy has proven a powerful means for countries to promote economic growth, development, and poverty reduction. The broad objectives of the betterment of current and future human welfare are shared by both global trade and climate regimes. Yet both climate and trade agendas have evolved largely independently through the years, despite their mutually supporting objectives. Since global emission goals and global trade objectives are shared policy objectives of most countries, and nearly all of the World Bank's clients, it makes sense to consider the two sets of objectives together. This book is one of the first comprehensive attempts to look at the synergies between climate change and trade objectives from economic, legal, and institutional perspectives. It addresses an important policy question - how changes in trade policies and international cooperation on trade policies can help address global environmental spillovers, especially GHG emissions, and what the (potential) effects of (national) environmental policies that are aimed at global environmental problems might be for trade and investment. It explores opportunities for aligning development and energy policies in such a way that they could stimulate production, trade, and investment in cleaner technology options.

Author : Andreas Pyka,Maria da Graça Derengowski Fonseca
Publisher : Springer Science & Business Media
Page : 293 pages
File Size : 50,7 Mb
Release : 2011-05-10
Category : Business & Economics
ISBN : 9783642158865

Get Book

Catching Up, Spillovers and Innovation Networks in a Schumpeterian Perspective by Andreas Pyka,Maria da Graça Derengowski Fonseca Pdf

This book discusses the influence of technological and institutional change on development and growth, the impact on innovation of labor markets, the spatial distribution of innovation dynamics, and the meaning of knowledge generation and knowledge diffusion processes for development policies. The individual articles demonstrate the powerful possibilities that emerge from the toolkit of evolutionary and Schumpeterian economics. The book shows that evolutionary economics can be applied to the multi-facetted phenomena of economic development, and that a strong orientation on knowledge and innovation is key to development, especially in less developed and emerging economies.

Author : John Enrico DiNardo
Publisher : Unknown
Page : 80 pages
File Size : 41,5 Mb
Release : 1995
Category : Income distribution
ISBN : IND:30000113738706

Get Book

Labor Market Institutions and the Distribution of Wages, 1973-1992 by John Enrico DiNardo Pdf

This paper presents a semiparametric procedure to analyze the effects of institutional and labor market factors on recent changes in the U.S. distribution of wages. The effects of these factors are estimated by applying kernel density methods to appropriately 'reweighted' samples. The procedure provides a visually clear representation of where in the density of wages these various factors exert the greatest impact. Using data from the Current Population Survey, we find, as in previous research, that de-unionization and supply and demand shocks were important factors in explaining the rise in wage inequality from 1979 to 1988. We find also compelling visual and quantitative evidence that the decline in the real value of the minimum wage explains a substantial proportion of this increase in wage inequality, particularly for women. We conclude that labor market institutions are as important as supply and demand considerations in explaining changes in the U.S. distribution of wages from 1979 to 1988.

Author : Juana Du,Nadeem Akhtar,Yulei Dou
Publisher : Frontiers Media SA
Page : 112 pages
File Size : 44,8 Mb
Release : 2023-10-26
Category : Science
ISBN : 9782832536186

Get Book

Towards 2030: Sustainable development goal 9: Industry, innovation and infrastructure. A communication perspective by Juana Du,Nadeem Akhtar,Yulei Dou Pdf

Author : Jyrki Ali-Yrkkö,Andrea Richter Hume,Reda Cherif,Fuad Hasanov,Natalia Kuosmanen,Mika Pajarinen
Publisher : International Monetary Fund
Page : 30 pages
File Size : 41,8 Mb
Release : 2021-10-29
Category : Business & Economics
ISBN : 9781589065291

Get Book

Knowledge Spillovers From Superstar Tech-Firms: The Case of Nokia by Jyrki Ali-Yrkkö,Andrea Richter Hume,Reda Cherif,Fuad Hasanov,Natalia Kuosmanen,Mika Pajarinen Pdf

Do workers hired from superstar tech-firms contribute to better firm performance? To address this question, we analyze the effects of tacit knowledge spillovers from Nokia in the context of a quasi-natural experiment in Finland, the closure of Nokia’s mobile device division in 2014 and the massive labor movement it implied. We apply a two-stage difference-in-differences approach with heterogeneous treatment to estimate the causal effects of hiring former Nokia employees. Our results provide new evidence supporting the positive causal role of former Nokia workers on firm performance. The evidence of the positive spillovers on firms is particularly strong in terms of employment and value added.

Author : Patricia Hofmann
Publisher : Springer Science & Business Media
Page : 317 pages
File Size : 55,9 Mb
Release : 2013-03-14
Category : Business & Economics
ISBN : 9783642345814

Get Book

The Impact of International Trade and FDI on Economic Growth and Technological Change by Patricia Hofmann Pdf

Economic globalisation and technological change are the two issues that concerned people in the past, concern them today and will concern them in the future - all over the world, poor or rich. Traditionally, questions about allocative effects are asked: What are the labour market implications? Who loses? Who wins? What is the net aggregate welfare effect after an adjustment period? However, two points are rarely taken into consideration: How do globalisation and technological change interact and what are the potential long-run implications for economic growth? This book addresses the interplay of these megatrends. It asks how economic globalisation may affect innovation and technology of individual firms and eventually the growth prospects of countries. Thereby it shows that protectionism not only harms static efficiency but might as well lead to dynamic losses. The book provides a systematic overview of the theoretical underpinnings of the openness-growth nexus and summarises the conceptual problems and important findings of the empirical analyses so far. The theoretical insights are supported by two empirical studies, the first dealing with the innovative behaviour and the “within-multinational” technology transfer of Spanish firms that were acquired by foreign companies and the second analysing productivity growth rate implications from exporting for German manufacturing firms.​

Author : Michael Carlberg
Publisher : Springer Science & Business Media
Page : 336 pages
File Size : 48,7 Mb
Release : 2005-03-04
Category : Business & Economics
ISBN : 354024445X

Get Book

International Economic Policy Coordination by Michael Carlberg Pdf

This book studies the international coordination of monetary and fiscal policies in the world economy. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on monetary and fiscal competition between Europe and America. Similarly, as to policy cooperation, the focus is on monetary and fiscal cooperation between Europe and America. The spillover effects of monetary policy are negative while the spillover effects of fiscal policy are positive. The policy targets are price stability and full employment. The policy makers follow either cold-turkey or gradualist strategies. Policy expectations are adaptive or rational. The world economy consists of two, three or more regions. The present book is part of a larger research project on European Monetary Union, see the references at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association in Lisbon. Other parts were presented at the International Institute of Public Finance, at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association, at the Gottingen Workshop on International Economics, at the Halle Workshop on Monetary Economics, at the Research Seminar on Macroeconomics in Freiburg, and at the Passau Workshop on International Economics.