全球智库信息集成服务系统(G2TT): The International Dynamics of R&D and Innovation in the Short and in the Long Run

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w11524
来源ID	Working Paper 11524
	The International Dynamics of R&D and Innovation in the Short and in the Long Run
	Laura Bottazzi; Giovanni Peri
发表日期	2005-08-01
出版年	2005
语种	英语
摘要	In this paper we estimate the dynamic relationship between employment in R&D and generation of knowledge as measured by patent applications across OECD countries. In several recently developed models, known as `idea-based' models of growth, the afore mentioned "idea-generating" process is the engine of productivity growth. Moreover, in real business cycle models technological shocks are an important source of fluctuations. Our empirical strategy is able to test whether knowledge spillovers are strong enough to generate sustained endogenous growth and to estimate the quantitative impact of international knowledge on technological innovation of a country in the short and in the long run. We find that a country's stock of knowledge, its R&D resources and the stock of international knowledge move together in the long run. International knowledge has a very significant impact on innovation. As a consequence, a positive shock to R&D in the US (the largest world innovator) has a significant positive effect on the innovation of all other countries. Such a shock produces its largest effect on domestic and international innovation after five to ten years from its occurrence.
主题	Development and Growth ; Innovation and R& ; D ; International Economics ; International Macroeconomics ; Econometrics ; Estimation Methods
URL	https://www.nber.org/papers/w11524
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/569167
推荐引用方式 GB/T 7714	Laura Bottazzi,Giovanni Peri. The International Dynamics of R&D and Innovation in the Short and in the Long Run. 2005.

条目包含的文件
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w11524.pdf（477KB）	智库出版物		限制开放	CC BY-NC-SA	浏览