Spillover

Discussion of the positive and negative effects of work-family spillover: the transfer of mood, affect, and behavior between work and home

Spillover effects of FDI inflows on the banking industry in China.

The study examines the magnitude of economic spillover and the impact of foreign direct investment (FDI) inflow on the efficiency of the bank management in China This study examines direct and indirect spillover in the short-run and their economic spillover in the long-run. Unit root tests, cointegration tests, vector error correction models, and Wald tests are employed in the empirical analysis using monthly time series data from January 2002 to September 2013 retrieved from the Bank of China database. In testing long-run economic spillover, this study finds that FDI inflows have a significant economic spillover, but the spillover is likely to be negative. In testing short-run economic spillover, this research finds that FDI inflows have a significant positive direct effect on the efficiency of the bank management in Chain

Does High-tech Export Cause More Technology Spillover? Evidence from Contemporary China

This paper attempts to investigate whether high-tech product export causes more technology spillover compared with traditionally primary manufactured goods export.A generalized multi-sector spillover model is presented to involve the causations of export composition and technology spillover, which is based on two distinctive approaches of measuring technology spillover: “between-spillover” and “within-spillover”. The empirical estimation is conducted with a panel analysis involving 31 provinces in China over the period of 1998-2005. Although high-tech export sectors involve a higher productivity compared with other sectors, this productivity advantage in high-tech export sectors does not cause technology spillover towards both domestic sectors and other export sectors. Therefore, this paper suggests that technology spillover of export mainly takes place in traditional export sectors rather than high-tech export sectors.Export Composition; High-tech Export; Technology Spillover; Multi-sector Spillover Model

Spillover modes in multiplex games: double-edged effects on cooperation, and their coevolution

In recent years, there has been growing interest in studying games on multiplex networks that account for interactions across linked social contexts. However, little is known about how potential cross-context interference, or spillover, of individual behavioural strategy impact overall cooperation. We consider three plausible spillover modes, quantifying and comparing their effects on the evolution of cooperation. In our model, social interactions take place on two network layers: one represents repeated interactions with close neighbours in a lattice, the other represents one-shot interactions with random individuals across the same population. Spillover can occur during the social learning process with accidental cross-layer strategy transfer, or during social interactions with errors in implementation due to contextual interference. Our analytical results, using extended pair approximation, are in good agreement with extensive simulations. We find double-edged effects of spillover on cooperation: increasing the intensity of spillover can promote cooperation provided cooperation is favoured in one layer, but too much spillover is detrimental. We also discover a bistability phenomenon of cooperation: spillover hinders or promotes cooperation depending on initial frequencies of cooperation in each layer. Furthermore, comparing strategy combinations that emerge in each spillover mode provides a good indication of their co-evolutionary dynamics with cooperation. Our results make testable predictions that inspire future research, and sheds light on human cooperation across social domains and their interference with one another

MNEs and Export Spillovers : An Analysis of Indian Manufacturing Industries

In the present study, we try to provide some empirical evidence for the export spillover effect examining the case of an emerging economy, namely India using firm level data for the period 1994-2006. We disentangle different spillover channels, namely export spillover, R&D spillover and wage spillover. We also consider the heterogeneous technological behaviour of local firms considering how in-house R&D efforts and disembodied technological imports may affect the overall exporting performance. Our findings mainly confirm that the two most important channels for export spillover are mainly the demonstration effect and the R&D spillover effect The decision to export is influenced mainly by technological activities of local firms, confirming that R&D is a key variable that help firms to overcome fixed costs that are crucial to start exporting. Moreover, the findings of the analysis suggest that local firms R&D is highly relevant to internalize the positive spillover effect emanating from MNEs both with regard to decision to export and export propensity.exports, FDI spillover, MNEs

Foreign Direct Investment and Technology Spillovers: Evidence from The Indian Manufacturing Sector

During the recent period, we observe that many countries compete with each other to attract foreign investment. When MNCs invest in a host country, it is assumed that a part of their technology spills to the host country firms. But the empirical studies on spillover effects of FDI have failed to find robust empirical results about the possibility of positive spillover effects. This study is an attempt to empirically examine the spillover effects from the entry of foreign firms using firm level data of Indian manufacturing industries for the period 1994-2002. We consider both the horizontal and vertical spillover effects of FDI. Consistent with the findings of the previous studies, we find no evidence of significant horizontal spillover effects. In contrast, we find negative vertical spillover effects, although it is not statistically significant.Foreign Direct Investment, Horizontal Spillover, Vertical Spillover, Panel Data

Volatility Spillover in India, USA and Japan Investigation of Recession Effects

In the past decades, there has been an unprecedented increase in cross border transactions between countries in terms of goods and financial flows. This integration has been fuelled by search of lower risk investments, risk diversification, search for cost effective and more efficient factors of production and dreams of global dominance in the world wide market place. An important result of these capital flows was its impact on linkages of global asset returns and spillover of volatility from one capital market to another. This study aims to understand the spillover effect between the US, the Japan capital markets and Indian equity index (Sensex). We analyze whether the volatility spillover is contemporaneous (directly in the very same day), or dynamic/lagged (with one day lag). A GARCH (1,1) model of modelling volatility has been undertaken for this purpose. This paper concludes that contemporary volatility of the Japan capital markets influenced Sensex in the pre-recession period but in the post recession there was no significant contemporaneous spillover from USA and Japan capital markets to Sensex. However, US became a significant factor while considering dynamic spillover in the post recession era. Also, there was no bidirectional volatility spillover from India to US. But, the study showed evidence of dynamic volatility spillover from Indian market to Japanese Capital market

Spillovers Reconsidered: Analysing Economic Welfare under complementarities in R&D

We analyse economic welfare in R&D intensive industries under varying assumptions on the spillover process. The focus lies on spillover processes with complementary R&D investments such as those modelling absorptive capacity. There spillovers give rise to both negative and positive externalities. We show that the rationale for public policy intervention is strengthened where spillovers also have positive effects. This conclusion is based on the supermodularity of the spillover process and the investment game. We characterise a large class of spillover processes with similar implications for public policy. We show that results of much empirical work on absorptive capacity extend to this class of models

Entrepreneurship Spillover and the determinants of Key Sectors for new business creation: An inter-sectorial approach

Whereas the knowledge spillover theory of entrepreneurship focuses on the diffusion of innovative output and knowledge filter among new firms and industries (Acts, et al., 2005; Audrescht, 2007), it has not been studied the phenomenon of entrepreneurship dissemination or entrepreneurship spillover among sectors. From an adaptation of the model of input-output matrix (Leontief, 1936; Dietzenbacher and Los, 2002) we develop a methodology that allows calculating the concept of entrepreneurship spillover. Besides, using intra-sectorial data from the 73 Spanish sectors, we empirically test the characteristics of the sectors with more entrepreneurship spillover. In short, the results clearly state that higher diversity and competition entails more entrepreneurship spillover. Moreover, the innovation only affects positively entrepreneurship spillover in restricted situations, briefly when the sectors have high competition and/or a high degree of technology.Entrepreneurship, Innovation, Economic Growth, Multipliers, Leontief, Input Output Analysis,