International technology spillovers,human capital and productivity linkages: evidence from the industrial sector |
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Authors: | Nicholas Apergis Claire Economidou Ioannis Filippidis |
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Institution: | (1) Banking and Financial Management, University of Piraeus, 18534 Piraeus, Greece;(2) Utrecht School of Economics, Utrecht University, Utrecht, 3512 BL, The Netherlands;(3) Aristotle University of Thessaloniki, School of Economics, 54124 Thessaloniki, Greece;; |
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Abstract: | The paper estimates an empirical model that is consistent with a variety of Research and Development (R&D)-driven models of
growth where technology is transmitted via trade to other industries, both domestically and internationally, by being embodied
in differentiated intermediate goods. The evidence is based on data from 21 manufacturing industries in six European Union
countries for the period 1980–1997. The contribution of the paper lies in showing how by including human capital in the model
and employing suitable econometric procedures the magnitude of R&D spillovers reported in the existing literature can be affected,
while pointing to a major role of human capital in economic growth process. |
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