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- Publisher
- Oxford University Press
- Copyright
- The Author 2009. Published by Oxford University Press on behalf of the International Bank for Reconstruction and Development / the world bank. All rights reserved. For permissions, please e-mail: journals.permissionsoxfordjournals.org
- Subject
- Articles
- ISSN
- 0257-3032
- eISSN
- 1564-6971
- DOI
- 10.1093/wbro/lkp017
- Publisher site
- See Article on Publisher Site
Abstract
The generation, diffusion, absorption, and application of new technology, knowledge, or ideas are crucial drivers of development. The authors examine the exceptionally fast growth in domestic innovation efforts in Korea, Taiwan (China), Singapore, and China, drawing on information about R&D as well as patent and patent citations data. They also use the World Bank Investment Climate Surveys to investigate sources of technological innovation in the other middle- and low-income East Asian economies. They then evaluate the role of three main channels for knowledge flows to East Asiainternational trade, acquisition of disembodied knowledge, and foreign direct investment. Results from estimating an international knowledge diffusion model using patent citations data show that, while East Asian innovations continue to draw heavily on knowledge flows from the US and Japan, citations to the same or to other East Asian economies are quickly rising, indicating the emergence of national and regional knowledge stocks as a foundation for innovation.
Journal
The World Bank Research Observer – Oxford University Press
Published: Aug 11, 2010
Keywords: JEL codes F2 L2 O3