R&D Spillovers for Economic Growth: Focusing on Main 3 Asian Countries

Key Points

• This research aims to analyze the impact of knowledge spillovers from economic openness and trade on economic growth.
• Empirical analysis of knowledge spillovers from R&D stocks, specifically focusing on import-weighted R&D stocks.
• Utilized DOLS and FMOLS methods to assess the effects, consistent with growth accounting results.
• Estimated long-term effects using the autoregressive distributed lag (ARDL) approach.
• Significant spillover effects were observed from import-weighted R&D stocks.
• Domestic R&D stocks also exhibited positive effects, aligning with DOLS and FMOLS results.
• The findings support the need for creative policy measures to enhance cross-country spillover effects.