Knowledge and rent spillovers through government-sponsored R&D consortia
AbstractR&D consortia (collaborative R&D projects among private firms, universities, and public research institutes) have been attracting increasing attention as an effective means of promoting innovation. Especially for SMEs, such collaboration provides important opportunities to access and obtain advanced scientific knowledge generated by universities and public research institutes. It is expected that not only the participants in R&D consortia will enhance their performance, through direct knowledge spillovers, but also that the business partners of consortia members may enjoy indirect effects (rent spillovers), through their business transactions. This paper empirically examines the spillover effects through government-sponsored R&D consortia using firm-level data and the propensity score method. Focusing on a major support program for R&D consortia in Japan, the “Consortium R&D Project for Regional Revitalization” by METI, we confirm that there are both direct (knowledge) spillover effects from firms’ participation in this program and indirect (rent) spillover effects on the customer firms of the consortia members. Moreover, by comparing SMEs and large firms, we find that only SMEs obtain knowledge spillovers in R&D consortia, whereas, among their customers, only large firms enjoy rent spillovers.
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Bibliographic InfoPaper provided by Center for Interfirm Network, Institute of Economic Research, Hitotsubashi University in its series Working Paper Series with number 24.
Length: 44 p.
Date of creation: Jan 2013
Date of revision:
R&D consortia; business transaction; knowledge spillover; rent spillover; SME; policy evaluation;
Find related papers by JEL classification:
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
- L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-08 (All new papers)
- NEP-CSE-2013-02-08 (Economics of Strategic Management)
- NEP-INO-2013-02-08 (Innovation)
- NEP-IPR-2013-02-08 (Intellectual Property Rights)
- NEP-KNM-2013-02-08 (Knowledge Management & Knowledge Economy)
- NEP-PBE-2013-02-08 (Public Economics)
- NEP-PPM-2013-02-08 (Project, Program & Portfolio Management)
- NEP-SBM-2013-02-08 (Small Business Management)
- NEP-TID-2013-02-08 (Technology & Industrial Dynamics)
- NEP-URE-2013-02-08 (Urban & Real Estate Economics)
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