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Measurement of Technology Spillovers |
Kunrong Shen( ), Jian Li() |
| School of Economics, Nanjing University, Nanjing 210093, China |
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Abstract This paper builds an externality-based model with physical and R&D capital, proves the linearity of technology functions, and derives two measures of spillovers from the relative differences between social and private rates of return. China’s regional empiric studies exhibit a reverse direction of spillovers between foreign invested firms and local economy and provide an estimation of the spillover measures of between 13% and 18%.
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| Keywords
spillovers
R&D capital
rate of return
measurement
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Corresponding Author(s):
Kunrong Shen,Email:shenkr@nju.edu.cn; Jian Li,Email:lijiansid@nju.edu.cn
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Issue Date: 05 March 2012
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