International R&D spillovers: An application of estimation and inference in panel cointegration

Chihwa Kao, Min Hsien Chiang, Bangtian Chen

研究成果: Article同行評審

182 引文 斯高帕斯(Scopus)

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
頁(從 - 到)691-709
頁數19
期刊Oxford Bulletin of Economics and Statistics
61
發行號SUPPL.
出版狀態Published - 1999 十一月 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

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