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Reconsidering the Effects of Intranational and International R&D Spillovers on Productivity Growth: Firm-level Evidence from Japan

Using firm-level longitudinal data in Japan, this paper asks why many firms can achieve high productivity growth without any R&D investments. The effects of international R&D spillovers are much stronger than those of intranational spillovers. Even firms in developed countries like Japan have benefit from international R&D spillovers.