On `indirect' trade-related R&D spillovers |
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Authors: | Olivier Lumenga-Neso Marcelo Olarreaga Maurice Schiff |
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Affiliation: | a University of Geneva, School of Business (HEC), 40 boulevard Pont d'Arve, 1211 Geneva 4, Switzerland b The World Bank, 1818 H St., NW, Washington, DC 20433, USA c CEPR, London, UK d IZA, Bonn, Germany |
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Abstract: | An influential literature argues that trade promotes knowledge flows and technology transmission between trading partners. This literature focuses on `direct' research and development (R&D) spillovers which are related to the levels of R&D produced by the trading partners. In this paper, we argue that `indirect' trade-related R&D spillovers also take place between countries, even if they do not trade with each other. These `indirect' spillovers are associated with available rather than with produced levels of R&D. Our empirical results suggest that these `indirect' trade-related spillovers are at least as important as the `direct' ones, and strengthen the view that trade does matter for the international transmission of R&D. They also suggest that, due to the existence of these `indirect' effects, bilateral trade patterns are relatively less important determinants of the level of foreign R&D spillovers acquired through trade. |
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Keywords: | C23 F01 O30 O47 |
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