The literature on the effects of research and development

Published: Jun 21, 2017
Abstract
The economic return to public and private R&D is of enormous interest to academics and policy makers. First, private returns to R&D appear to be large and larger than the returns to alternative investments. Second, private R&D and R&D subsidies are positively correlated and there is no evidence for crowding out effects. Third, R&D cooperation increases private R&D. Fourth, there appear to exist complementarities between alternative sources of...
Paper Details
Title
The literature on the effects of research and development
Published Date
Jun 21, 2017
Journal
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