R&D and Productivity: The International Connection
Countries differ greatly in R&D spending, and these differences are particularly striking when comparing developed with developing countries. The paper examines the extent to which the benefits of R&D are concentrated in the investing countries. It is argued that significant benefits spill over to other countries in the world. The argument is supported by quantitative estimates of such cross-country effects.
- The larger a country's exposure to the international economy, the more it gains from R and D activities in other countries....
Razin. A. and E. Sadka (eds.) The Economics of Globalization. Cambridge: Cambridge University Press, 1999.