Kunrong Shen, Jian Li
Author information
School of Economics, Nanjing University, Nanjing 210093, China
E-mail: shenkr@nju.edu.cn (Kunrong Shen) , lijiansid@nju.edu.cn (Jian Li)
Abstract
This paper builds an externality-based model with physical and R&D capital, proves the linearity of technology functions, and derives two measures of spillovers from the relative differences between social and private rates of return. China’s regional empiric studies exhibit a reverse direction of spillovers between foreign invested firms and local economy and provide an estimation of the spillover measures of between 13% and 18%.
spillovers , R&D capital , rate of return , measurement
J Kunrong Shen, Jian Li. Measurement of Technology Spillovers. Front Econ Chin, 2012, 7(1): 141‒161 https://doi.org/10.3868/s060-001-012-0007-1