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Academic and industrial R&D: are they always complementary? A theoretical approach

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  • Luca Spinesi

Abstract

Two strategies have largely been adopted by the US government to enhance the scientific academic contribution to industrial innovations and growth: financing academic research and granting academic ideas the same intellectual property rights (IPR) as industrial innovations. In distinguishing the stages of R&D within a dynamic general equilibrium model, it is found that academic government expenditures spur industrial R&D when academia and industry are almost equally efficient in their research capabilities and when firms have a high enough market size. Moreover, it is found that the softer IPR regime granted to academia increases the per capita growth rate of the economy. Copyright 2013 Oxford University Press 2012 All rights reserved, Oxford University Press.

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  • Luca Spinesi, 2013. "Academic and industrial R&D: are they always complementary? A theoretical approach," Oxford Economic Papers, Oxford University Press, vol. 65(1), pages 147-172, January.
    • Handle: RePEc:oup:oxecpp:v:65:y:2013:i:1:p:147-172
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    File URL: http://hdl.handle.net/10.1093/oep/gps024
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    Cited by:

    1. Cozzi, Guido & Galli, Silvia, 2017. "Should the government protect its basic research?," Economics Letters, Elsevier, vol. 157(C), pages 122-124.
    2. Cozzi, Guido & Galli, Silvia, 2021. "Privatization of knowledge: Did the U.S. get it right?," Economic Modelling, Elsevier, vol. 98(C), pages 179-191.
    3. Daniele Tavani & Luca Zamparelli, 2020. "Growth, income distribution, and the ‘entrepreneurial state’," Journal of Evolutionary Economics, Springer, vol. 30(1), pages 117-141, January.
    4. Daniele Tavani & Luca Zamparelli, 2016. "Distributive Conflict, Growth, and the ‘Entrepreneurial State’," Working Papers 6/16, Sapienza University of Rome, DISS.

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