Title: Empirical Evidence of Inter-Industry R&D Spillover in Japan
Abstract: This article investigates the inter-industry spillover effect of R&D stock in Japanese manufacturing industries. A translog cost function model was constructed for ten Japanese manufacturing industries. Most of the tested parameters for industry R&D stock and R&D spillover were significant, demonstrating their contribution. R&D spillover reduced costs in all industries in most periods. The impact of R&D spillover on costs was strong in industries where the industry R&D stock is large.
Publication Year: 2002
Publication Date: 2002-05-01
Language: en
Type: article
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Cited By Count: 7
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