Measurement of Technology Spillovers
Kunrong Shen , Jian Li
Front. Econ. China ›› 2012, Vol. 7 ›› Issue (1) : 141 -161.
Measurement of Technology Spillovers
This paper builds an externality-based model with physical and R&D capital, proves the linearity of technology functions, and derives two measures of spillovers from the relative differences between social and private rates of return. China’s regional empiric studies exhibit a reverse direction of spillovers between foreign invested firms and local economy and provide an estimation of the spillover measures of between 13% and 18%.
spillovers / R&D capital / rate of return / measurement
Higher Education Press and Brill
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