Public Funding and Corporate Innovation

Mathias Beck, Martin Junge, Ulrich Kaiser

    Publikation: Working paperForskning

    Abstrakt

    We review and condense the body of literature on the economic returns of public R&D on private R&D and find that: (i) private returns to R&D appear to be large and larger than the returns to alternative investments; (ii) private R&D and R&D subsidies are positively correlated and there is no evidence for crowding out; (iii) R&D cooperation increases private R&D; (iv) there appear to exist complementarities between alternative sources of funding; (v) the mobility of R&D workers, particularly of university scientists, is positively related to innovation; (vi) there are many university spin-offs but these are no more successful than non-university spin-offs; (vii) universities constitute important collaboration partners and (viii) clusters enhance collaboration, patents and productivity. Key problems for economic policy advice are that the identification of causal effects is problematic in most studies and that little is known about the optimal design of policy measures.
    OriginalsprogEngelsk
    UdgivelsesstedBonn
    UdgiverIZA
    Antal sider45
    StatusUdgivet - dec. 2017
    NavnIZA Discussion Paper
    Nummer11196

    Emneord

    • R&D subsidies
    • R&D tax credits
    • Cooperation
    • Labor mobility
    • Returns to R&D
    • University spin-offs
    • R&D clusters
    • Public-private knowledge transfer

    Citationsformater