International Knowledge Spillovers

By Johannes Eugster, Giang Ho, Florence Jaumotte, Roberto Piazza

December 10, 2018

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Format: Chicago

Johannes Eugster, Giang Ho, Florence Jaumotte, and Roberto Piazza. International Knowledge Spillovers, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

How important is foreign knowledge for domestic innovation outcomes? How is this relation shaped by globalization and the attendant intensification of international competition? Our empirical approach extends the previous literature by analyzing a large panel comprising industries in both advanced and emerging economies over the past two decades. We find that barriers to the domestic diffusion of foreign knowledge have fallen significantly for emerging economies. For all countries, and especially for emerging economies, inflows of foreign knowledge have a growing and quantitatively important impact on domestic innovation. Controlling for the amount of domestic R&D, we find evidence that increases in international competitive pressure at the industry level had a positive effect on domestic innovation outcomes

Subject: Competition, Emerging and frontier financial markets, Financial institutions, Financial markets, Imports, International trade, Production, Productivity, Stocks

Keywords: China shock, Cited country, Citing country-industry level, Competition, Countries R&D, Country-sector level, Emerging and frontier financial markets, Global, Import penetration from China, Importing country-sector, Imports, International competition, Knowledge barriers, Knowledge spillovers, Market share, Originating country-sector, Productivity, Recipient country-sector, Stocks, WP

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2018/269
Stock No:

WPIEA2018269
ISBN:

9781484385067
ISSN:

1018-5941

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