Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121148
Authors: 
Bournakis, Ioannis
Christopoulos, Dimitris
Mallick, Sushanta
Year of Publication: 
2015
Series/Report no.: 
FIW Working Paper 147
Abstract: 
Spillovers have usually been undertaken at the country level, the spillover effects can be more definitive only if the analysis is conducted at the industry-level. This paper therefore attempts to identify spillovers by disentangling technological innovations into intra- and inter-national knowledge innovations at industry level in driving per capita output growth. Our main findings are first, that there is evidence for a robust positive relationship between R&D, human capital and output growth across these countries at industry-level. Second, the potential of international spillover gains is greater in countries with higher human capital and in industries whose pattern of production is more R&D oriented, import intensive, and dependent on vertical FDI. Finally, significant heterogeneity is found between high and low-tech industries with high-tech group displaying greater knowledge spillovers, suggesting that low-tech industries need to be more innovative in order to absorb the technological advancements of domestic and international rivals.
Subjects: 
Knowledge spillover
Industry-level productivity
R&D
JEL: 
F1
F6
O3
O4
Document Type: 
Working Paper

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