Technology Spillover through Trade and TFP Convergence : 120 Years of Evidence for the OECD Countries

@inproceedings{Madsen2005TechnologyST,
  title={Technology Spillover through Trade and TFP Convergence : 120 Years of Evidence for the OECD Countries},
  author={Jakob Br\ochner Madsen},
  year={2005}
}
Using a new dataset on imports of technology and total factor productivity (TFP) over more than a century for the OECD countries, this paper tests for international technological transmission through trade. The empirical estimates suggest that imports of knowledge have been responsible for an almost 200% increase in TFP over the past century, but that the spillover effect has been highly unevenly distributed across countries, but has contributed to TFP convergence among the OECD countries. JEL… CONTINUE READING