TY  - JOUR
AU  - Bayoumi,Tamim
AU  - Coe,David T.
AU  - Helpman,Elhanan
TI  - R&D Spillovers and Global Growth
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5628
PY  - 1996
Y2  - June 1996
UR  - http://www.nber.org/papers/w5628
L1  - http://www.nber.org/papers/w5628.pdf
N1  - Author contact info:
Tamim Bayoumi
International Monetary Fund
700 19th Street NW
Washington, DC 20431
E-Mail: tbayoumi@imf.org

Elhanan Helpman
Department of Economics
Harvard University
1875 Cambridge Street
Cambridge, MA 02138
Tel: 617-495-4690
Fax: 617-495-7730
E-Mail: ehelpman@harvard.edu
AB  - We examine the growth promoting roles of R&D, international R&D spillovers, and trade in a world econometric model.  A country can raise its total factor productivity by investing in R&D.  But countries can also boost their productivity by trading with other countries that have large stocks of knowledge from their cumulative R&D activities.  We use a special version of MULTIMOD that incorporates R&D spillovers among industrial countries and from industrial countries to developing countries. Our simulations suggest that R&D, R&D spillovers, and trade play important roles in boosting growth in industrial and developing countries.
ER  -