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International Knowledge Spillovers
Author:
Johannes Eugster
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,
Giang Ho null

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Ms. Florence Jaumotte null

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Mr. Roberto Piazza
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Series:
IMF Working Papers
Volume/Issue:
Volume 2018: Issue 269
Language:
English
Publication Date:
10 Dec 2018
DOI:
https://doi.org/10.5089/9781484385067.001
ISBN:
9781484385067
ISSN:
1018-5941
Pages:
37
Keywords:
WP; countries R&D; country-sector level; citing country-industry level; China shock; cited country; market share; originating country-sector; knowledge spillovers; knowledge barriers; international competition; recipient country-sector; import penetration from China; importing country-sector; Competition; Stocks; Emerging and frontier financial markets; Productivity; Imports; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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How important is foreign knowledge for domestic innovation outcomes? How is this relation shaped by globalization and the attendant intensification of international competition? Our empirical approach extends the previous literature by analyzing a large panel comprising industries in both advanced and emerging economies over the past two decades. We find that barriers to the domestic diffusion of foreign knowledge have fallen significantly for emerging economies. For all countries, and especially for emerging economies, inflows of foreign knowledge have a growing and quantitatively important impact on domestic innovation. Controlling for the amount of domestic R&D, we find evidence that increases in international competitive pressure at the industry level had a positive effect on domestic innovation outcomes
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund