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

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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.

Examines the impact of R&D spillovers on economic growth in three Asian countries, suggesting policy strategies to enhance these effects.

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Byung‐Woo Kim (2026) studied this question.

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