Cross-country evidence shows that a subset of developing countries is growing very rapidly, taking advantage of opportunities to "catch-up" at the same time that other developing countries are growing slowly. We argue that this is due to differences in the quality of governance. In particular we...

Although there is increased interest in the role of international technology spillovers, empirical studies have been hampered by a host of measurement problems. This paper reviews recent attempts to address two of these problems. First, there are differing degrees of transferability of...

Using panel data on Indian firms from 1974-75 to 1981-82, the authors provide estimates of the impact on output of Indian firms' R&D expenditures, their technology purchases, and international and domestic R&D spillovers. The private returns to technology purchases are estimated to be high and...