| The Dual Nature of Trade: Measuring its Impact on Imitation and Growth (2001) | |||||||||||||||||
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| : Imports of goods that embody foreign technology can raise a country's output directly as inputs into production and indirectly through reverse-engineering of these goods, which contributes to domestic imitation and innovation. This paper quantifies spillovers from high technology imports to domestic imitation and innovation in both developed and developing countries. It then considers the contribution of foreign and domestic innovation to real per capita GDP growth. International patent data for 40 countries from 1970 to 1985 are used to create proxies for imitation and innovation. High technology imports positively affect both domestic imitation and innovation. Moreover their role is greater for developing nations than for developed nations. Foreign direct investment, often considered an important mechanism for technological diffusion, does not significantly affect either domestic innovation or imitation. Finally, foreign technology from developed countries appears to play a far gre... | |||||||||||||||||
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