International Knowledge Spillovers

Author/Editor:

Johannes Eugster ; Giang Ho ; Florence Jaumotte ; Roberto Piazza

Publication Date:

December 10, 2018

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

How important is foreign knowledge for domestic innovation outcomes? How is this relation shaped by globalization and the attendant intensification of international competition? Our empirical approach extends the previous literature by analyzing a large panel comprising industries in both advanced and emerging economies over the past two decades. We find that barriers to the domestic diffusion of foreign knowledge have fallen significantly for emerging economies. For all countries, and especially for emerging economies, inflows of foreign knowledge have a growing and quantitatively important impact on domestic innovation. Controlling for the amount of domestic R&D, we find evidence that increases in international competitive pressure at the industry level had a positive effect on domestic innovation outcomes

Series:

Working Paper No. 18/269

Subject:

English

Publication Date:

December 10, 2018

ISBN/ISSN:

9781484385067/1018-5941

Stock No:

WPIEA2018269

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

37

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