International Knowledge Spillovers

38 Pages Posted: 13 Feb 2019

See all articles by Johannes L. Eugster

Johannes L. Eugster

International Monetary Fund (IMF)

Giang Ho

International Monetary Fund (IMF)

Florence Jaumotte

International Monetary Fund (IMF)

Roberto Piazza

International Monetary Fund (IMF)

Date Written: December 2018

Abstract

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.

Keywords: Innovation spillovers, Technological innovation, Globalization, Competition, knowledge spillovers, knowledge barriers, international competition, General

JEL Classification: F10, F20, O30, O40, O4

Suggested Citation

Eugster, Johannes L. and Ho, Giang and Jaumotte, Florence and Piazza, Roberto, International Knowledge Spillovers (December 2018). IMF Working Paper No. 18/269, Available at SSRN: https://ssrn.com/abstract=3333721

Johannes L. Eugster (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Giang Ho

International Monetary Fund (IMF)

700 19th Street, N.W.
Washington, DC 20431
United States

Florence Jaumotte

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States
202-623-6191 (Phone)

Roberto Piazza

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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