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Heart of Darkness: Public-Private Interaction Inside the R&D Black Box

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Author Info
David, P.A.
Hall, B.H.

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Abstract

This paper is a first step toward closing the analytical gap in the extensive literature on the results of interactions between public and private R&D expenditures, and their joint effects on the economy. A survey focusing on econometric studies in this area reveals a plethora of sometimes confusing and frequently contradictory estimates of the response of company financed R&D to changes in the level and nature of this category of public expenditures. Yet, a theoretical framework is provided within which the empirical results are to be interpreted.

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Publisher Info
Paper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 1999-w16.

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Length: 24 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:nuf:econwp:1999-w16

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Web page: http://www.nuff.ox.ac.uk/economics/

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Related research
Keywords: RESEARCH AND DEVELOPMENT PUBLIC GOODS PRIVATE SECTOR

Other versions of this item:

Find related papers by JEL classification:
H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Charles I. Jones & John C. Williams, . "Measuring the Social Return to R&D," Working Papers 97002, Stanford University, Department of Economics. [Downloadable!]
    Other versions:
  2. David, P. A., 1997. "From market magic to calypso science policy a review of Terence Kealey's The economic laws of scientific research," Research Policy, Elsevier, vol. 26(2), pages 229-255, May. [Downloadable!] (restricted)
  3. Austan Goolsbee, 1998. "Does Government R&D Policy Mainly Benefit Scientists and Engineers?," NBER Working Papers 6532, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Leyden, Dennis Patrick & Link, Albert N, 1991. "Why Are Government R&D and Private R&D Complements?," Applied Economics, Taylor and Francis Journals, vol. 23(10), pages 1673-81, October.
  5. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-96, September. [Downloadable!] (restricted)
  6. Paul A. David, 1999. "The Political Economy of Public Science," Working Papers 99022, Stanford University, Department of Economics. [Downloadable!]
  7. Paula E. Stephan, 1996. "The Economics of Science," Journal of Economic Literature, American Economic Association, vol. 34(3), pages 1199-1235, September. [Downloadable!] (restricted)
  8. Diamond, Arthur M, Jr, 1999. "Does Federal Funding "Crowd In" Private Funding of Science?," Contemporary Economic Policy, Oxford University Press, vol. 17(4), pages 423-31, October.
  9. Robin Cowan & Paul A. David & Dominique Foray, 1999. "The Explicit Economics of Knowledge Codification and Tacitness," Working Papers 99027, Stanford University, Department of Economics. [Downloadable!]
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  10. Bergstrom, Theodore & Blume, Lawrence & Varian, Hal, 1986. "On the private provision of public goods," Journal of Public Economics, Elsevier, vol. 29(1), pages 25-49, February. [Downloadable!] (restricted)
    Other versions:
  11. Diamond, Arthur Jr., 2003. "Edwin Mansfield's contributions to the economics of technology," Research Policy, Elsevier, vol. 32(9), pages 1607-1617, October. [Downloadable!] (restricted)
  12. Paul A. David, 2005. "FROM MARKET MAGIC TO CALYPSO SCIENCE POLICY A Review of Terence Kealey's The Economic Laws of Scientific Research," Development and Comp Systems 0502013, EconWPA. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Paul A. David & Bronwyn H. Hall & Andrew A. Toole, 2000. "Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence," Development and Comp Systems 9912002, EconWPA. [Downloadable!]
    Other versions:
  2. Daniel Chudnovsky & Andrés López & Martín Rossi & Diego Ubfal, 2006. "Evaluating A Program of Public Funding of Private Innovation Activities. An Econometric Study of FONTAR in Argentina," OVE Working Papers 1606, Inter-American Development Bank, Office of Evaluation and Oversight (OVE). [Downloadable!]
  3. Dominique Guellec & Bruno Van Pottelsberghe De La Potterie, 2003. "The Impact Of Public R&D Expenditure On Business R&D," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 12(3), pages 225-243, January. [Downloadable!] (restricted)
    Other versions:
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