Replication data for: International R&D Spillovers

We study the extent to which a country's total factor productivity depends not only on domestic R&D capital but also on foreign R&D capital. Our estimates indicate that foreign R&D has beneficial effects on domestic productivity, and that these are stronger the more open an economy is to foreign trade.

Moreover, the estimated rates of return on R&D are very high, both in terms of domestic output and international spillovers.