TY  - JOUR
AU  - Keller,Wolfgang
TI  - International Trade, Foreign Direct Investment, and Technology Spillovers
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 15442
PY  - 2009
Y2  - October 2009
UR  - http://www.nber.org/papers/w15442
L1  - http://www.nber.org/papers/w15442.pdf
N1  - Author contact info:
Wolfgang Keller
Department of Economics
University of Colorado-Boulder
Boulder, CO 80309-0256
Tel: 303/735 5507
Fax: 303/492 8960
E-Mail: Wolfgang.Keller@colorado.edu
AB  - This paper examines how international flows of technological knowledge affect economic performance across industries and firms in different countries. Motivated by the large share of the world's technology investments made by firms that are active across borders, we focus on international trade and multinational enterprise activity as conduits for technological externalities, or spillovers. In addition to reviewing the recent empirical research on technology spillovers, the discussion is guided by a new model of foreign direct investment, trade, and endogenous technology transfer. We find evidence for technology spillovers through international trade and the activity of multinational enterprises. The analysis also highlights challenges for future empirical research, as well as the need for additional data on technology and innovation.
ER  -