GDL

Journal from gdlhub / 2017-08-14 11:52:53
Oleh : Jeffrey I. Bernstein , Pierre Mohnen, ELSEVIER (jeff bernstein@carleton.ca ])
Dibuat : 2010-07-01, dengan 1 file

Keyword : International, R&D, spillovers, US, Japanese, intensive, sectors

This 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. 1998 Elsevier Science B.V.

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