The International Dynamics of R&D and Innovation in the Long Run and in the Short Run

Datos Bibliográficos

ID9703844
AutoresLaura Bottazzi (0000-0002-4919-1763, University of Bologna), Giovanni Peri (0000-0002-4979-8426, Univrsity of California, Davis and NBER)
Año2007
Volumen117
Número518
Páginas486-511
Fecha de publicación2007-03-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.2007.02027.x
OpenAlexW2931158210
IdiomaEN
Citas recibidas24
Referencias citadas41

In this article we estimate the dynamic relationship between employment in R&D and generation of knowledge as measured by patent applications across OECD countries. In several recently developed models, known as 'idea-based' models of growth, the 'idea-generating' process is the engine of productivity growth. Moreover, in real business cycle models technological shocks are an important source of fluctuations. Our empirical strategy is able to test whether knowledge spillovers are strong enough to generate sustained endogenous growth and to estimate the quantitative impact of international knowledge on technological innovation of a country in the short and in the long run. Copyright 2007 The Author(s). Journal compilation Royal Economic Society 2007

Dynamics (music · Library science · Political science · Sociology · Computer Science · Economic Growth and Productivity · Firm Innovation and Growth · History · Regional Development and Policy