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来源类型Working Paper
规范类型报告
DOI10.3386/w7373
来源IDWorking Paper 7373
Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence
Paul A. David; Bronwyn H. Hall; Andrew A. Toole
发表日期1999-10-01
出版年1999
语种英语
摘要Is public R&D spending complementary and thus "additional" to private R&D spending, or does it substitute for and tend to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available economectric evidence accumulated over the past 35 years. A framework for analysis of the problem i is developed to help organize and summarize the findings of econometric studies based on time series and cross-section data from various levels of aggregation (laboratory, firm, industry, country). The findings overall are ambivalent and the existing literature as as a whole is subject to the criticim that the nature of the "experiment(s)" that the investigators envisage is not adequately specified. We conclude by offering suggestions for improving future empirical research on this issue.
主题Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w7373
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/564911
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Paul A. David,Bronwyn H. Hall,Andrew A. Toole. Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence. 1999.
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