International Knowledge Spillovers
IMF Working Papers, December 10, 2018
Source details
- Canonical URL
- International Knowledge Spillovers
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Bibliographic details
- Authors: Johannes Eugster, Giang Ho, Florence Jaumotte, Roberto Piazza
- Published: December 10, 2018
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781484385067.001
Overview and Research Question
- Title: International Knowledge Spillovers
- Authors: Johannes Eugster, Giang Ho, Florence Jaumotte, Roberto Piazza
- Publication date: December 10, 2018
- Publication type: IMF Working Papers (Working Paper No. 2018/269, Issue: 269, Volume: 2018)
- Core questions:
- How important is foreign knowledge for domestic innovation outcomes?
- How is this relation shaped by globalization and the attendant intensification of international competition?
Data and Empirical Approach
- Scope: A large panel comprising industries in both advanced and emerging economies over the past two decades.
- Controls: Models control for the amount of domestic R&D.
- Key variables emphasized in the analysis (as stated): inflows of foreign knowledge, domestic diffusion barriers, international competitive pressure at the industry level.
Key Findings
- 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, there is evidence that increases in international competitive pressure at the industry level had a positive effect on domestic innovation outcomes.
Policy-Relevant Implications (as implied by findings)
- Lowering barriers to diffusion of foreign knowledge can be particularly beneficial for emerging economies’ innovation outcomes.
- Policies that facilitate knowledge inflows and manage international competitive pressures may strengthen domestic innovation, even when domestic R&D levels are accounted for.
Subjects and Keywords (as listed on the source page)
- Subjects: Competition, Emerging and frontier financial markets, Financial institutions, Financial markets, Imports, International trade, Production, Productivity, Stocks
- Keywords: China shock, cited country, citing country-industry level, Competition, countries R&D, country-sector level, Emerging and frontier financial markets, Global, import penetration from China, importing country-sector, Imports, international competition, knowledge barriers, knowledge spillovers, market share, originating country-sector, Productivity, recipient country-sector, Stocks, WP
Source: IMF Working Paper "International Knowledge Spillovers" (Working Paper No. 2018/269), Johannes Eugster, Giang Ho, Florence Jaumotte, Roberto Piazza, December 10, 2018.
Content in this bundle
- International Knowledge Spillovers, WP/18/269, December 2018