International R&D Spillovers: An Application of Estimation and Inference in Panel Cointegration

Author(s)/Creator(s)

Chihwa Kao, Syracuse University. Center for Policy ResearchFollow
Min-Hsien ChiangFollow
Bangtian Chen

Description/Abstract

In this paper, we apply the asymptotic theory of panel cointegration developed by Kao and Chiang (1997) to Coe and Helpman's (1995) international R&D spillovers regression. The OLS with bias-correction, the fully-modified (FM) and the dynamic OLS (DOLS) estimations produce different predictions about the impact of foreign R&D on total factor productivity (TFP), although all the estimations support the result that domestic R&D is related to TFP.

Document Type

Working Paper

Date

1999

Keywords

R&D spillovers, panel cointegration, dynamic quantile regression

Language

English

Series

Working Papers Series

Disciplines

Mathematics

Additional Information

Harvest from RePEc at http://repec.org

Recommended Citation

Kao, Chihwa; Chiang, Min-Hsien; and Chen, Bangtian, "International R&D Spillovers: An Application of Estimation and Inference in Panel Cointegration" (1999). Center for Policy Research. 143.
https://surface.syr.edu/cpr/143

Source

Metadata from RePEc