Research and development spillovers in ASEAN countries: the role of economic freedom
The aim of this study is to examine the role economic freedom plays in R&D spillovers for the ASEAN-4 countries. The dynamic ordinary least square panel estimator (D-OLS) is employed using data from 1996 to 2015. There are three important conclusions that can be drawn from the reported results....
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/66563/ http://psasir.upm.edu.my/id/eprint/66563/1/ICE%202017-3.pdf |
| Summary: | The aim of this study is to examine the role economic freedom plays in R&D spillovers for the ASEAN-4 countries. The dynamic ordinary least square panel estimator (D-OLS) is employed using data from 1996 to 2015. There are three important conclusions that can be drawn from the reported results. First, foreign R&D is more important for productivity improvements than domestic R&D. Second, import is the main channel for foreign R&D spillovers. Third, economic freedom plays an important role in moderating both domestic and foreign R&D spillovers. Therefore, policymakers and governments should play an important role in promoting trade liberalization and other policies that enhance freedom of economic activities as both are expected to boost domestic productivity. |
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