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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Public funding and corporate innovation
Organization Unit
  • Contribution from another University/Organization than University of Zurich
Authors
  • Mathias Beck
  • Martin Junge
  • Ulrich Kaiser
Institution ETH Zurich. KOF Swiss Economic Institute
Series Name KOF Working Papers
Number 437
Date 2018
Abstract Text 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 partnersand (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.
Free access at DOI
Digital Object Identifier 10.3929/ETHZ-B-000227682
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