Trade in Ideas: Patenting and Productivity in the OECD
39 Pages Posted: 11 Jun 2000 Last revised: 26 Oct 2022
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Trade in Ideas: Patenting and Productivity in the OECD
Date Written: March 1995
Abstract
We develop and estimate a model of technological innovation and its contribution to growth at home and abroad. International patents indicate where innovations come from and where they are used. Countries grow at a common steady-state rate. A country's relative productivity depends upon its capacity to absorb technology. We estimate that, except for the United States, OECD countries derive almost all of their productivity growth from abroad.
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