G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6857
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
URLhttps://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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