| Tekijä: | Bernstein, J. I. Mohnen, P. |
| Otsikko: | International R&D spillovers between U.S. and Japanese R&D intensive sectors |
| Lehti: | Journal of International Economics
1998 : APR, VOL. 44:2, p. 315-338 |
| Asiasana: | R&D PRODUCTIVITY JAPAN USA |
| Kieli: | eng |
| Tiivistelmä: | The paper empirically investigates bilateral spillovers between the U.S. and Japan. International spillovers exist from the U.S. to Japan, but not in the converse direction. In the short-run, the U.S. spillover reduces Japanese average variable cost, and causes production to become more physical and R&D capital intensive. In the long-run, the spillover reduces physical capital intensity, but production becomes more R&D intensive. In both runs Japanese unskilled labor intensity is reduced. The U.S. R&D spillover accounts for around 46 % of Japanese productivity growth, and the international social rate of return to U.S. R&D capital is twice its private return. |
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