Trade in Ideas: Patenting and Productivity in the OECD
Posted: 10 Oct 1998
We develop and estimate a model of technological innovation and its contribution to growth at home and abroad. International patents indicate where innovations come from and where they are used. Countries grow at a common steady-state rate. A country's relative productivity depends upon its capacity to absorb technology. We estimate that, except for the United States, OECD countries derive almost all of their productivity growth from abroad.
JEL Classification: F43, O14, O31, O34, O40
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