Public funding and corporate innovation / Mathias Beck (ETH Zürich KOF), Martin Junge (Ministry of Higher Education and Science, Denmark), Ulrich Kaiser (University of Zürich, Copenhagen Business School, ZEW and IZA) ; IZA Institute of Labor Economics
VerfasserBeck, Mathias In der Gemeinsamen Normdatei der DNB nachschlagen ; Junge, Martin In der Gemeinsamen Normdatei der DNB nachschlagen ; Kaiser, Ulrich In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, December 2017
Elektronische Ressource
Umfang1 Online-Ressource (45 Seiten) : Diagramme
SerieDiscussion paper ; no. 11196
URNurn:nbn:de:hbz:5:2-145939 Persistent Identifier (URN)
 Das Dokument ist frei verfügbar.
Public funding and corporate innovation [0.93 mb]
Verfügbarkeit In meiner Bibliothek

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.