| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP2832
|
| DP2832 EMU in the Early Years: Differences and Credibility |
| André Sapir; Marco Buti
|
| 发表日期 | 2001-06-01
|
| 出版年 | 2001
|
| 语种 | 英语
|
| 摘要 | Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per capita. This Paper estimates the importance of geographic distance for technology diffusion, how this has changed over time, and whether international trade, foreign direct investment, and communication flows serve as important channels of diffusion. The analysis is based on examining the productivity effects of R&D expenditures in the world's seven major industrialized countries between 1970 and 1995. First, I find that the scope of technology diffusion is severely limited by distance: the geographic half-life of technology, the distance at which half of the technology has disappeared, is estimated to be only 1,200 kilometres. Second, technological knowledge has become much more global from the early 1970s to the 1990s. Third, I estimate that trade patterns account for the majority of all differences in bilateral technology diffusion, whereas foreign direct investment and language skills differences contribute circa 15% each. Lastly, these three channels together account for almost the entire localization effect that would otherwise be attributed to geographic distance. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Agglomeration
Communication
Convergence
Divergence
Economic geography
Fdi
Growth
International trade
Language skills
R&d
|
| URL | https://cepr.org/publications/dp2832
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| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531879
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推荐引用方式
GB/T 7714 |
André Sapir,Marco Buti. DP2832 EMU in the Early Years: Differences and Credibility. 2001.
|
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