Regional Trade Agreements and International R&D Spillovers: Implications for Developing Countries
Yukiko Sawada et al.
Abstract
We provide new evidence on heterogeneous international research and development (R&D) spillovers from partners of regional trade agreements (RTAs) and non‐partners using a sample of 45 economies in the period 1995–2017. We construct separate R&D stocks for RTA partners and non‐partners and find that spillovers from RTA partners are stronger than those from non‐partners. Additionally, we further investigate the effects from RTA partners in more detail by focusing on the types and “depth” of RTAs. We show that among different types of RTAs, those covering services are particularly important for international R&D spillovers, and that deep RTAs, particularly those in fields related to technology, tend to facilitate spillovers more than shallow ones. Our results suggest that developing countries can benefit from R&D spillovers by increasing the number of partners with deep RTAs covering services as well as goods.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.