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R&D Spillovers and Global Growth / Tamim Bayoumi, David T. Coe, Elhanan Helpman.
- Format:
- Book
- Author/Creator:
- Bayoumi, Tamim.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5628.
- NBER working paper series no. w5628
- Language:
- English
- Subjects (All):
- Foreign trade and employment--United States.
- Foreign trade and employment.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1996.
- Cambridge, Mass : National Bureau of Economic Research, 1996.
- Summary:
- We examine the growth promoting roles of R&D, international R&D spillovers, and trade in a world econometric model. A country can raise its total factor productivity by investing in R&D. But countries can also boost their productivity by trading with other countries that have large stocks of knowledge from their cumulative R&D activities. We use a special version of MULTIMOD that incorporates R&D spillovers among industrial countries and from industrial countries to developing countries. Our simulations suggest that R&D, R&D spillovers, and trade play important roles in boosting growth in industrial and developing countries.
- Notes:
- Print version record
- June 1996.
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