Are There International R and D Spillovers Among Randomly Matched Trade Partners? : A Response to Keller /
Keller (1998) reexamines Coe and Helpman's (1995) analysis of international R and D spillovers focusing on the weights used to define the foreign R and D capital stock. Keller creates 'random' weights and shows that they give rise to positive estimates of international R and D spillov...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 1999/018 |
| Online toegang: | Full text available on IMF |
| Samenvatting: | Keller (1998) reexamines Coe and Helpman's (1995) analysis of international R and D spillovers focusing on the weights used to define the foreign R and D capital stock. Keller creates 'random' weights and shows that they give rise to positive estimates of international R and D spillovers, casting doubts on the robustness of Coe and Helpman's findings. We show that Keller's 'random' weights are essentially simple averages with a random error. We derive alternative random weights and present regressions showing that when they are used to define the foreign R and D capital stock, the estimated international R and D spillover estimates are nonexistent, as would be expected. |
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| Beschrijving item: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Fysieke beschrijving: | 1 online resource (21 pages) |
| Formaat: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Toegang: | Electronic access restricted to authorized BRAC University faculty, staff and students |