| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6857 |
| DP6857 Dynamic Moral Hazard and Project Completion | |
| Robin Mason; Juuso Välimäki | |
| 发表日期 | 2008-06-20 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in Coe and Helpman about the impact of domestic and foreign R&D capital stocks on TFP. In addition, we show that domestic and foreign R&D capital stocks have measurable impacts on TFP even after controlling for the impact of human capital. Furthermore, we extend the analysis to include institutional variables, such as legal origin and patent protection, in order to allow for parameter heterogeneity based on a country?s institutional characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that they impact the degree of R&D spillovers. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Productivity Institutions Spillovers R&d |
| URL | https://cepr.org/publications/dp6857 |
| 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/535697 |
| 推荐引用方式 GB/T 7714 | Robin Mason,Juuso Välimäki. DP6857 Dynamic Moral Hazard and Project Completion. 2008. |
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