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International R&D spillovers and unobserved common shocks

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Academic year: 2020

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Table 1 Notes: Variables: Total Factor Productivity (TFP), Domestic R&D (Rd) and Foreign R&D (Rf) capital stocks
Table 2 Notes: These descriptive statistics refer to the sample of N = 50 countries from 1970 to 2011.
Table 3 MW Fisher Test (Including a Constant and a Time Trend) tfprdrf
Table 4 Notes: log total factor productivity (tfp) is the dependent variable. log domestic R&D capital stock (rd)  and log foreign R&D capital stock defined by Lichtenberg and van Pottelsberghe de la Potterie (1998) (rf) (allowing for knowledge dif
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