International Technology Sourcing and Knowledge Spillovers: Evidence from OECD Countries
IMF Working Papers, March 12, 2018
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- International Technology Sourcing and Knowledge Spillovers: Evidence from OECD Countries
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Bibliographic details
- Authors: Sophia Chen, Estelle Dauchy
- Published: March 12, 2018
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781484345429.001
Overview
- Research question: How much do firms benefit from foreign R&D and through what channel?
- Approach: Construct a global network of corporate innovation using more than 1.5 million patents granted to firms in OECD countries.
- Hypothesis tested: The “international technology sourcing” hypothesis—that foreign innovation activities tap into foreign R&D and improve home productivity through knowledge spillovers.
Data and scope
- Data source: Patent-based global network of corporate innovation covering firms in OECD countries.
- Scale: More than 1.5 million patents.
- Publication details:
- Pages: 38
- Volume: 2018
- Issue: 051
- Series: Working Paper No. 2018/051
- DOI: https://doi.org/10.5089/9781484345429.001
- Stock No: WPIEA2018051
- ISBN: 9781484345429
- ISSN: 1018-5941
Key findings
- Firms with stronger inventor presence in technology frontier countries benefit disproportionately more from their R&D.
- The strength of knowledge spillovers depends on the direction of technology sourcing.
- Knowledge externality is larger for firms in technology frontier countries than for firms in non-frontier countries.
Thematic subjects and keywords
- Subjects: Financial institutions, Financial sector policy and analysis, Production, Productivity, Spillovers, Stocks, Technology, Total factor productivity
- Keywords: country control, destination country, Firm productivity, frontier country, Global, innovation activity, Knowledge spillovers, Network, OECD country, Patent, production function, Productivity, R&D, source country, Spillovers, Stocks, Total factor productivity, WP
International Technology Sourcing and Knowledge Spillovers: Evidence from OECD Countries — IMF Working Paper No. 2018/051