R and D spillovers and global growth

Tamim Bayoumi, David T. Coe*, Elhanan Helpman

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

111 Scopus citations

Abstract

We examine the growth promoting roles of R and D, international R and D spillovers, and trade in a world econometric model. A country can raise its total factor productivity by investing in R and D. But countries can also boost their productivity by trading with other countries that have large 'stocks of knowledge' from their cumulative R and D activities. We use a special version of MULTIMOD that incorporates R and D spillovers among industrial countries and from industrial countries to developing countries. Our simulations suggest that R and D, R and D spillovers, and trade play important roles in boosting growth in industrial and developing countries.

Original languageEnglish
Pages (from-to)399-428
Number of pages30
JournalJournal of International Economics
Volume47
Issue number2
DOIs
StatePublished - 1 Apr 1999

Funding

FundersFunder number
US-Israel BSF
National Science Foundation

    Keywords

    • North-South
    • Productivity
    • RandD
    • Spillovers

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