North-South RandD Spillovers

By Elhanan Helpman, David T. Coe, Willy A Hoffmaister

December 1, 1994

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Elhanan Helpman, David T. Coe, and Willy A Hoffmaister. North-South RandD Spillovers, (USA: International Monetary Fund, 1994) accessed September 20, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

We examine the extent to which developing countries that do little, if any, research and development themselves benefit from R&D that is performed in the industrial countries. By trading with an industrial country that has a large “stock of knowledge” from its cumulative R&D activities, a developing country can boost its productivity by importing a larger variety of intermediate products and capital equipment embodying foreign knowledge, and by acquiring useful information that would otherwise be costly to obtain. Our empirical results, which are based on observations over the 1971-90 period for 77 developing countries, suggest that R&D spillovers from the industrial countries in the North to the developing countries in the South are substantial.

Subject: Education, Financial institutions, Imports, International trade, Production, Productivity, Spillovers, Stocks, Total factor productivity

Keywords: Capital stock, East Asia, Europe, Import share, Imports, Industrial country, Productivity, R&D capital stock, Rate of return, Stocks, Total factor productivity, Total factor productivity estimation result, Trade partner, Vis-à-vis column-country k, WP

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1994/144
Stock No:

WPIEA1441994
ISBN:

9781451856385
ISSN:

1018-5941

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