North-South RandD Spillovers

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 de...

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Bibliographic Details
Main Author: Helpman, Elhanan
Other Authors: Coe, David, Hoffmaister, Willy
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1994
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a North-South RandD Spillovers  |c Elhanan Helpman, David Coe, Willy Hoffmaister 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1994 
300 |a 36 pages 
651 4 |a United States 
653 |a Industrial productivity 
653 |a Financial institutions 
653 |a Institutional Investors 
653 |a Capital and Total Factor Productivity 
653 |a Production and Operations Management 
653 |a Macroeconomics: Production 
653 |a Capacity 
653 |a Financial Instruments 
653 |a Education: General 
653 |a Investment & securities 
653 |a Production 
653 |a Total factor productivity 
653 |a Pension Funds 
653 |a Spillovers 
653 |a International finance 
653 |a Exports and Imports 
653 |a Cost 
653 |a Non-bank Financial Institutions 
653 |a International trade 
653 |a Macroeconomics 
653 |a Investments: Stocks 
653 |a International economics 
653 |a Trade: General 
653 |a Stocks 
653 |a Imports 
653 |a Externalities 
653 |a Productivity 
653 |a Education 
700 1 |a Coe, David 
700 1 |a Hoffmaister, Willy 
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520 |a 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