6533b820fe1ef96bd127a1e6

RESEARCH PRODUCT

International R&D spillovers in the multi-country Schumpeterian growth model

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en ligne : http://ungaro.u-bourgogne.fr/pages/Documents%20de%20travail/Economie/e2007-04.pdf; Document de travail du LEG 2007-04; This paper reconsiders the multi-country Schumpeterian growth model and its empirical implications. We first show that the model implies a spatial econometric reduced form. Indeed, the global interdependence implied by international R&D spillovers needs to betaken into account in the theoretical model as well as in the empirical model. The spatial econometric model we propose includes the neoclassical growth model as a particular case. We can therefore test explicitly the role of R&D investment in the long run growth processagainst the Solow growth model which is nested in the Schumpeterian growth model. Finally, the proprieties of our spatial econometric specification allow evaluating explicitly the impact of home and foreign R&D spillovers.