International, intersectoral, or unobservable? Measuring R&D spillovers under weak and strong cross-sectional dependence

详细信息    查看全文

• 作者：Timo Mitze^a ; ^b ; ^c ; ^d ; ^{tmitze@sam.sdu.dk} ; Amjad Naveed^a ; ^{amjadn@sam.sdu.dk} ; Nisar Ahmad^d ; ^{nisar@squ.edu.om}
• 关键词：Sectoral productivity ; R&D spillovers ; Cross-sectional dependence ; OECD
• 刊名：Journal of Macroeconomics
• 出版年：2016
• 出版时间：December 2016
• 年：2016
• 卷：50
• 期：Complete
• 页码：259-272
• 全文大小：578 K
• 卷排序：50

文摘

Knowledge production functions for 13 manufacturing sectors in 13 OECD countries over period 1988–2006. Panel econometric estimation of R&D spillovers under weak and strong cross-sectional dependence. Social rate of return to R&D is found to clearly exceed private rate of return to R&D at the industry level. International-intersectoral R&D spillovers are identified as main transmission channel of knowledge diffusion. Post-estimation tests and use of alternative model specifications (e.g., long versus short run, varying proxies for R&D spillovers) support the robustness of our empirical results.