Schiff, Maurice; Wang, Yanling - Institute for the Study of Labor (IZA) - 2008
model. They
constructed an index of ‘foreign R&D’, defined as the trade-weighted sum of trading partners’
R&D stocks, and … found for OECD countries that both domestic and ‘foreign R&D’ have a large
and significant impact on TFP, and that the … domestic (foreign) R&D stock, ε is
an error term, and subscript c (t) denotes country (year).
d
ct
RD
f
ct
RD
Coe et al …