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R&D and productivity in 16 OECD countries: some heterogeneous panel estimations

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  • Antonio Musolesi

Abstract

This study further investigates the long-run impact of various sources of technological progress on productivity for a panel of 16 OECD countries during the period 1981 to 1998. Given the length of the series, the application of an heterogeneous estimator could be suitable from an econometric point of view. Our results, based on the Mean Group and the Pooled Mean Group estimators, show that technology spills over across countries through the channel of trade flows and that academic research significantly contributes to productivity.

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  • Antonio Musolesi, 2007. "R&D and productivity in 16 OECD countries: some heterogeneous panel estimations," Applied Economics Letters, Taylor & Francis Journals, vol. 14(7), pages 493-496.
    • Handle: RePEc:taf:apeclt:v:14:y:2007:i:7:p:493-496
    DOI: 10.1080/13504850500461530
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    1. Chihwa Kao & Min‐Hsien Chiang & Bangtian Chen, 1999. "International R&D Spillovers: An Application of Estimation and Inference in Panel Cointegration," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 691-709, November.
    2. Adams, James D, 1990. "Fundamental Stocks of Knowledge and Productivity Growth," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 673-702, August.
    3. Pesaran, M. Hashem & Smith, Ron, 1995. "Estimating long-run relationships from dynamic heterogeneous panels," Journal of Econometrics, Elsevier, vol. 68(1), pages 79-113, July.
    4. Lichtenberg, Frank R. & Pottelsberghe de la Potterie, Bruno v., 1998. "International R&D spillovers: A comment," European Economic Review, Elsevier, vol. 42(8), pages 1483-1491, September.
    5. repec:bla:obuest:v:61:y:1999:i:0:p:691-709 is not listed on IDEAS
    6. Hans-Jurgen Engelbrecht, 1997. "International R&D spillovers amongst OECD economies," Applied Economics Letters, Taylor & Francis Journals, vol. 4(5), pages 315-319.
    7. Bruno Van Pottelsberghe De La Potterie & Frank Lichtenberg, 2001. "Does Foreign Direct Investment Transfer Technology Across Borders?," The Review of Economics and Statistics, MIT Press, vol. 83(3), pages 490-497, August.
    8. Duncan McVicar, 2002. "Spillovers and foreign direct investment in UK manufacturing," Applied Economics Letters, Taylor & Francis Journals, vol. 9(5), pages 297-300.
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    Cited by:

    1. Bianco, Dominique & Niang, Abdou-Aziz, 2012. "On international spillovers," Economics Letters, Elsevier, vol. 117(1), pages 280-282.
    2. Abolfazl Shahabadi & Fatemeh Kimiaei & Mohammad Arbab Afzali, 2018. "The Evaluation of Impacts of Knowledge-Based Economy Factors on the Improvement of Total Factor Productivity (a Comparative Study of Emerging and G7 Economies)," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(3), pages 896-907, September.
    3. Shunsuke Managi & Samuel Mulenga Bwalya, 2010. "Foreign direct investment and technology spillovers in sub-Saharan Africa," Applied Economics Letters, Taylor & Francis Journals, vol. 17(6), pages 605-608.

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