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Knowledge spillovers, innovation and growth

Jaravel, Xavier and Aghion, Philippe ORCID: 0000-0002-9019-1677 (2015) Knowledge spillovers, innovation and growth. The Economic Journal, 125 (583). pp. 533-573. ISSN 0013-0133

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Identification Number: 10.1111/ecoj.12199


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.

Item Type: Article
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Additional Information: © 2015 The Authors
Divisions: Economics
Subjects: H Social Sciences > HB Economic Theory
Date Deposited: 26 Apr 2018 09:22
Last Modified: 14 Apr 2024 23:57

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