摘要
In this paper, we apply the asymptotic theory of panel cointegration developed by Kao and Chiang (1998) 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.
原文 | English |
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頁(從 - 到) | 691-709 |
頁數 | 19 |
期刊 | Oxford Bulletin of Economics and Statistics |
卷 | 61 |
發行號 | SUPPL. |
出版狀態 | Published - 1999 11月 1 |
All Science Journal Classification (ASJC) codes
- 統計與概率
- 社會科學(雜項)
- 經濟學與計量經濟學
- 統計、概率和不確定性