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International Knowledge Spillovers

Author: Johannes Eugster; Giang Ho; Florence Jaumotte
Publisher: Washington, D. C. : International Monetary Fund, 2018.
Edition/Format:   eBook : Document : English
Summary:
How important is foreign knowledge for domestic innovation outcomes? How is this relation shaped by globalization and the attendant intensification of international competition? Our empirical approach extends the previous literature by analyzing a large panel comprising industries in both advanced and emerging economies over the past two decades. We find that barriers to the domestic diffusion of foreign knowledge  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Eugster, Johannes
International Knowledge Spillovers
Washington, D. C. : International Monetary Fund,c2018
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Johannes Eugster; Giang Ho; Florence Jaumotte
ISBN: 9781484390641 1484390644
OCLC Number: 1082254091
Notes: Description based upon print version of record.
Description: 1 online resource (38 p.)
Contents: Cover; International Knowledge Spillovers; 1 Introduction; 2 Conceptual framework; 3 Data; 4 Determinants of knowledge flows; 5 Impact on innovation and productivity; 6 The role of international competition; 7 Conclusions

Abstract:

How important is foreign knowledge for domestic innovation outcomes? How is this relation shaped by globalization and the attendant intensification of international competition? Our empirical approach extends the previous literature by analyzing a large panel comprising industries in both advanced and emerging economies over the past two decades. We find that barriers to the domestic diffusion of foreign knowledge have fallen significantly for emerging economies. For all countries, and especially for emerging economies, inflows of foreign knowledge have a growing and quantitatively important impact on domestic innovation. Controlling for the amount of domestic R and D, we find evidence that increases in international competitive pressure at the industry level had a positive effect on domestic innovation outcomes.

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