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Empirical Evidence of Inter-Industry R&D Spillover in Japan

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주제분류경제학

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Abstract

Thisarticle investigatesthe inter-industry spillovereectofR& Dstock in Japanesemanufacturing industries.A translog costfunc-tion model wasconstructedforten Japanesemanufacturing indus-tries. Mostofthe tested parametersfor industry R& D stock andR& D spilloverwere signicant,demonstrating theircontribution.R& D spilloverreduced costsin all industriesin mostperiods.Theimpact ofR& D spillover on costswasstrong in industrieswherethe industry R& D stock islarge.

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