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Productivity Spillovers Across Countries and Industries: New Evidence From OECD Countries.
- Source :
- Oxford Bulletin of Economics & Statistics; Aug2016, Vol. 78 Issue 4, p501-521, 21p
- Publication Year :
- 2016
-
Abstract
- This paper uses a translog approach to estimate intra- and inter-industry productivity spillovers transmitted through input-output linkages, distinguishing R&D and other (remainder) spillovers. For a panel of 12 OECD countries and 15 manufacturing industries from 1995-2005, first, we find that the estimated elasticity with respect to 'own' R&D amounts to 0.25 on average (which would be estimated to be lower if R&D were assumed to be additively separable from other inputs). Second, there are sizeable intra-industry and relatively small inter-industry R&D spillovers. Third, there are significant remainder spillovers, which are mainly of the intra-industry type and substantially amplify idiosyncratic technology shocks. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03059049
- Volume :
- 78
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Oxford Bulletin of Economics & Statistics
- Publication Type :
- Academic Journal
- Accession number :
- 116527738
- Full Text :
- https://doi.org/10.1111/obes.12122