Panel Cointegration Estimation of International Knowledge Spillovers

다국어 초록 (Multilingual Abstract)

This paper estimates the effect of international knowledge spillovers through importon a countrys productivand Development (OECD) countries during 1981.1999 and two alternative estimation methodsfor the panel cointegration model. The results confirm the robust effect of international knowledgespillovers through the flows of intermediate goods import. The magnitude of the effect is muchleast squares (OLS) estimation. By contrast, domestic knowledge capital stocks help enhance acountrys productivity only in the G7 countries.KEY WORDS: Intermediate goods, imports, knowledge spillovers, panel cointegration

참고문헌 (Reference)

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