R&D, Human Capital and International Technology Spillovers: A Cross-country Analysis |
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Authors: | Dirk Frantzen |
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Affiliation: | Free University of Brussels (VUB), Belgium |
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Abstract: | This paper is based on recent developments in the theory of innovation-driven growth that emphasize both the importance of R&D efforts — domestic as well as foreign — for explaining national productivity, and the complementarity between R&D and human capital investments. Estimates of specifications, in growth terms and in level terms, on a cross-section of OECD countries from the early 1960s to the early 1990s lend strong support to this thesis. The data show a significant influence of both domestic and foreign R&D. Moreover, there is clearly a net positive impact of human capital. The level and growth rate of human capital are shown to affect productivity growth and there is evidence of interaction with the catch-up process. JEL classification: O 33; O 47 |
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Keywords: | R&D human capital spillovers productivity |
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