| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4527 |
| DP4527 Spatial Determinants of Productivity: Analysis for the Regions of Great Britain | |
| Anthony Venables; Patricia Rice | |
| 发表日期 | 2004-08-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | In this Paper we estimate the dynamic relationship between resources used in R&D by some OECD countries and their innovation output as measured by patent applications. We first estimate a long-run cointegration relation using recently developed tests and panel estimation techniques. We find that the stock of knowledge of a country, it?s R&D resources and the stock of international knowledge move together in the long run. Then, imposing this long-run relation across variables we analyse the impulse response of new ideas to a shock to R&D or to a shock to innovation by estimating an error correction mechanism. We find that internationally generated ideas have a very significant impact in helping innovation in a country. As a consequence, a positive shock to innovation in a large country as the US has, both in the short and in the long run, a significant positive effect on the innovation of all other countries. |
| 主题 | International Macroeconomics |
| 关键词 | Innovation Panel cointegration Error correction mechanism International r&d spillovers |
| URL | https://cepr.org/publications/dp4527 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533472 |
| 推荐引用方式 GB/T 7714 | Anthony Venables,Patricia Rice. DP4527 Spatial Determinants of Productivity: Analysis for the Regions of Great Britain. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
