R&D is a Huge Externality, So Why Do Markets Do So Much of it?View in threadjazzbuck2y200You may be interested in Arnaud Dyevre's job market paper which looks at how much the source of R&D matters in terms of spillover effects. He finds that public sector R&D tends to have much higher spillover effects than private sector.Reply
You may be interested in Arnaud Dyevre's job market paper which looks at how much the source of R&D matters in terms of spillover effects. He finds that public sector R&D tends to have much higher spillover effects than private sector.