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International R&D Spillovers and Institutions / / Willy Hoffmaister, David Coe, Elhanan Helpman



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Autore: Hoffmaister Willy Visualizza persona
Titolo: International R&D Spillovers and Institutions / / Willy Hoffmaister, David Coe, Elhanan Helpman Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2008
Descrizione fisica: 1 online resource (37 p.)
Disciplina: 338.124592
Soggetto topico: Investments: Stocks
Labor
Macroeconomics
Agribusiness
Production and Operations Management
Production
Cost
Capital and Total Factor Productivity
Capacity
Agricultural Markets and Marketing
Cooperatives
Human Capital
Skills
Occupational Choice
Labor Productivity
Pension Funds
Non-bank Financial Institutions
Financial Instruments
Institutional Investors
Externalities
Agriculture, agribusiness & food production industries
Labour
income economics
Investment & securities
Total factor productivity
Agroindustries
Human capital
Stocks
Spillovers
Industrial productivity
Agricultural industries
International finance
Soggetto geografico: United States
Altri autori: CoeDavid  
HelpmanElhanan  
Note generali: Description based upon print version of record.
Nota di contenuto: Contents; I. Introduction; II. Data; Tables; 1. Summary Statistics; Figures; 1. Total Factor Productivity; 2. Domestic R&D Capital Stocks; 3. Foreign R&D Capital Stocks Using Bilateral Import Weights; 4. Import Share in GDP; 5. Human Capital; III. Econometric Preliminaries; 2. Panel Unit Root Tests; 3. Panel Cointegration Tests; IV. "International R&D Spillovers" Revisited; 4. Specification in Coe and Helpman (1995) with Expanded Sample; 5. Dynamic OLS Within and Mean Group Estimates with Human Capital; V. Institutions and International R&D Spillovers
6. Alternative Definitions of Foreign R&D Capital7. Institutional Variables; 8. Ease of Doing Business; 6. Patent Protection; 9. Quality of Tertiary Education Systems; 10. Patent Protection; 11. Legal Origins and Patent Protection; VI. Conclusions; Appendixes; A. Alternative Specification; Appendix Tables; A1. Alternative Definitions of Foreign R&D Capital: Alternative Specification; A2. Ease of Doing Business: Alternative Specification; A3. Quality of Tertiary Education Systems: Alternative Specification; A4. Patent Protection: Alternative Specification
A5. Legal Origins and Patent Protection: Alternative SpecificationB. Data Sources and Definitions; A6. Alternative Definitions of Foreign R&D Capital; References
Sommario/riassunto: The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in Coe and Helpman about the impact of domestic and foreign R&D capital stocks on TFP. In addition, we show that domestic and foreign R&D capital stocks have measurable impacts on TFP even after controlling for the impact of human capital. Furthermore, we extend the analysis to include institutional variables, such as legal origin and patent protection, in order to allow for parameter heterogeneity based on a country's institutional characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that they impact the degree of R&D spillovers.
Titolo autorizzato: International R&D Spillovers and Institutions  Visualizza cluster
ISBN: 1-4623-0737-X
1-4527-4807-1
1-4518-6965-7
1-282-84059-2
9786612840593
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910788238603321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2008/104