Prior research shows that technology spillovers across firms increase innovation, productivity and value. We study how finance their own growth stimulated by from technological peer firms. find greater lead to higher leverage. This is the result of increasing asset redeployability, as evidenced more collateralized borrowing transactions. Borrowing costs also decrease. Exogenous variation in dev...

Productivity differences can explain differences in economic growth across countries. It has been demonstrated that the presence of a foreign-owned multinational enterprise (MNE) in a developing country is one of the most important methods through which technology transfer occurs. This presence could be in the form of foreign direct investment (FDI), licensing, or imports from the developing co...

In this paper we present and analyze a stylized model of endogenous growth with international technology spillover effects from the North to the South. The model allows for endogenous structural change and environmental degradation that reduces world output. We find that within this framework the costless technological spillovers foster structural change in both more and less advanced economies...

An important policy question is whether research and development (R&D) in new, emerging technologies should be subsidized more than R&D in other more mature technologies. In this paper I analyze if innovation externalities caused by knowledge spillovers from private …rms may warrant a di¤erentiated R&D policy. I …nd that R&D in emerging and mature technologies should not be subsidized equally. ...

We examine the importance of a firm‟s R and D activity, technology import and intra-sectoral R and D spillovers on the decision to export and export intensity using firm level panel data for the Indian automobile sector from 2000-2014. R and D and technology import activities are found to be important determinants of export activity. There is evidence that R and D spillovers exert positive effe...

This paper investigates the effect of Internet technology on how firms access export markets directly or via intermediaries. Empirical evidence suggests that technology diffusion is geographically localised, with knowledge spillovers from neighbouring adopters decaying quickly over short distances. To address the potential endogeneity of Internet adoption, I construct an instrument that capture...

This paper examines how the characteristics of local inter-firm networks affect the location of subsidiary research and development (R&D) facilities. It distinguishes between subsidiary R&D that is competence-creating (creates new lines of technology for the multinational corporate group) and competence-exploiting (adapts established lines of technology). The key dimensions of local networks ar...

The paper addresses the link between productivity and labour mobility. The hypothesis tested is that technology is transmitted across industries through the movement of skilled workers embodying human capital. The embodied knowledge is then diffused within the new environment creating spillovers and leading to productivity improvements. The empirical analysis is based on household survey and in...

The automotive industry may be on the verge of a technological disruption as different alternative fuel vehicles are expected to enter the market. Industry evolution theories are not unified in suggesting the conditions under which different types of entrant technologies can be successful. In particular, the competitive dynamics among a variety of technologies with varying potential for spillov...

The importance of R&D spillovers for productivity growth has been well-documented in the literature. While studies in the context of developed countries have extensively focused on sectoral linkages, research on North-South spillovers has been largely con...ned to the aggregate level. In this paper, we pursue the objective of ascertaining the contribution of international R&D spillovers to manu...