CPR Working Paper Series No. 4

International R&D Spillovers: An Application of Estimation and Inference in Panel Cointegration

Chihwa Kao, Min Hsien Chiang, and Bangtian Chen

March 1999

Abstract:  In this paper, we apply the asymptotic theory of panel cointegration developed by Kao and Chiang (1997) 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.

You can download a PDF version of the paper and view it and print it using a FREE copy of Adobe Acrobat Reader.

Click here for the Adobe Acrobat version of CPR Working Paper 4

Or for more information on ordering a hard copy of this paper, please contact the Publications Officer, Center for Policy Research, 426 Eggers Hall, Syracuse University, Syracuse, New York 13244-1020 or e-mail our Publications Officer at puboff@maxwell.syr.edu. Each hard copy costs $5.00 (US) and payment should be included with mail order.

File current as of

If you have any questions or comments, please contact the webmaster.