NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

International R&D Spillovers and Institutions

David T. Coe, Elhanan Helpman, Alexander W. Hoffmaister

NBER Working Paper No. 14069
Issued in June 2008
NBER Program(s):   ITI

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.

download in pdf format
   (549 K)

email paper

This paper is available as PDF (549 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w14069

Published: Coe, David T. & Helpman, Elhanan & Hoffmaister, Alexander W., 2009. "International R&D spillovers and institutions," European Economic Review, Elsevier, vol. 53(7), pages 723-741, October. citation courtesy of

Users who downloaded this paper also downloaded these:
Coe and Helpman w4444 International R&D Spillovers
Coe, Helpman, and Hoffmaister w5048 North-South R&D Spillovers
Keller w15442 International Trade, Foreign Direct Investment, and Technology Spillovers
Griliches w3768 The Search for R&D Spillovers
Keller w8573 International Technology Diffusion
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us