Assessing the relative importance of multiple channels for embodied and disembodied technological spillovers
Assessing the relative importance of multiple channels for embodied and disembodied technological spillovers
With ever increasing global integration, productivity improvements depend not only on in-house innovative efforts, but on those of international partners as well. This paper explores the impact of foreign R&D on productivity and technical efficiency of countries by considering three channels of embodied and disembodied spillovers, namely trade, foreign direct investment and patenting, and controlling for the direct licensing of foreign technologies. Furthermore, it contrasts these effects across 47 developed and transition countries between 1990 and 2009. Overall, I find that trade remains the dominant factor behind productivity and technical progress, while the effects of FDI- and patent-related spillovers are significantly smaller. The effect of foreign patenting is larger in developed nations while imports, inward FDI and foreign technology licensing are important sources of know-how for transition economies. The aggregate gains from spillovers appear larger for latter, confirming their significance in the process of development and catching-up.
272-286
Krammer, Marius
24ce872e-5044-4846-bb35-88e12c74c854
1 June 2014
Krammer, Marius
24ce872e-5044-4846-bb35-88e12c74c854
Krammer, Marius
(2014)
Assessing the relative importance of multiple channels for embodied and disembodied technological spillovers.
Technological Forecasting and Social Change, 81, .
(doi:10.1016/j.techfore.2013.02.006).
Abstract
With ever increasing global integration, productivity improvements depend not only on in-house innovative efforts, but on those of international partners as well. This paper explores the impact of foreign R&D on productivity and technical efficiency of countries by considering three channels of embodied and disembodied spillovers, namely trade, foreign direct investment and patenting, and controlling for the direct licensing of foreign technologies. Furthermore, it contrasts these effects across 47 developed and transition countries between 1990 and 2009. Overall, I find that trade remains the dominant factor behind productivity and technical progress, while the effects of FDI- and patent-related spillovers are significantly smaller. The effect of foreign patenting is larger in developed nations while imports, inward FDI and foreign technology licensing are important sources of know-how for transition economies. The aggregate gains from spillovers appear larger for latter, confirming their significance in the process of development and catching-up.
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Published date: 1 June 2014
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Local EPrints ID: 497535
URI: http://eprints.soton.ac.uk/id/eprint/497535
PURE UUID: f92e8a86-0b68-47ae-92e0-4379b1b1434e
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Date deposited: 27 Jan 2025 17:41
Last modified: 01 Feb 2025 03:19
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Marius Krammer
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