英文摘要 |
Based on the 1980–1997 aggregate economic data for Taiwan, Japan and Korea, this paper intends to identify the linkage between international R&D spillovers and productivity growth. Both domestic R&D and foreign R&D stocks are included in the model to compare their effects on GDP growth. The effect of international spillovers is quantified by two indices. The first spillover index emphasizes the public good nature of spillover. Therefore, all firms are assumed to have identical ability of absorbing R&D spillovers, regardless of their sizes or scales. Applying the notion of international spillovers proposed in Coe and Helpman (1995), the second index calculates foreign R&D capital stock as an import-weighted sum of trade partners’ R&D stock. This index is meant to reflect the possibility that an economy receives relatively more knowledge spillovers fromeconomies fromwhich relativelymore goods and services are imported. Although international spillovers are found to play a role in explaining the GDP growth of Japan and Korea, our results indicate that, due to the negative effect of foreign R&D efforts on competitiveness of domestic goods and services, knowledge spillovers across geographic boundaries do not help explain the real GDP growth in Taiwan. |