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.
Spinesi, L. (2013). Academic and industrial R&D: are they always complementary? A theoretical approach. OXFORD ECONOMIC PAPERS, 65(1), 147-172 [10.1093/oep/gps024].
Academic and industrial R&D: are they always complementary? A theoretical approach
SPINESI, LUCA
2013-01-01
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.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.