Knowledge Spillovers, Innovation and Growth

41 Pages Posted: 31 Mar 2015

See all articles by Philippe Aghion

Philippe Aghion

College de France and London School of Economics and Political Science, Fellow; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

Xavier Jaravel

London School of Economics & Political Science (LSE) - Department of Economics

Date Written: March 2015

Abstract

Cohen and Levinthal (1989) introduced the notion of absorptive capacity and demonstrated that knowledge spillovers can induce complementarities in R&D efforts. We show that this idea has rich implications when analysing important aspects of the growth process such as cross‐country convergence and divergence, the international co‐ordination of climate change policies, and the role of openness in the production of ideas. We also show that the notion of absorptive capacity sets an agenda for new empirical and theoretical analyses of the role of R&D spillovers in innovation and growth. Cohen, W.M. and Levinthal, D.A. (1989). ‘Innovation and learning: the two faces of R & D’, Economic Journal, vol. 99(397), pp. 569–96.

Suggested Citation

Aghion, Philippe and Jaravel, Xavier, Knowledge Spillovers, Innovation and Growth (March 2015). The Economic Journal, Vol. 125, Issue 583, pp. 533-573, 2015. Available at SSRN: https://ssrn.com/abstract=2587452 or http://dx.doi.org/10.1111/ecoj.12199

Philippe Aghion (Contact Author)

College de France and London School of Economics and Political Science, Fellow ( email )

London
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Xavier Jaravel

London School of Economics & Political Science (LSE) - Department of Economics ( email )

Houghton Street
London WC2A 2AE
United Kingdom
7456842728 (Phone)
NW12AR (Fax)

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