From Public Labs to Private Firms: Magnitude and Channels of Local R&D Spillovers

Antonin Bergeaud (), Arthur Guillouzouic (), Emeric Henry and Clément Malgouyres ()
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Antonin Bergeaud: HEC Paris - Ecole des Hautes Etudes Commerciales, CEP - LSE - Centre for Economic Performance - LSE - London School of Economics and Political Science, CEPR - Center for Economic Policy Research
Arthur Guillouzouic: AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique, IPP - Institut des politiques publiques, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - ENPC - École nationale des ponts et chaussées - IP Paris - Institut Polytechnique de Paris
Clément Malgouyres: IPP - Institut des politiques publiques, CREST - Centre de Recherche en Économie et Statistique - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - GENES - Groupe des Écoles Nationales d'Économie et Statistique - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - GENES - Groupe des Écoles Nationales d'Économie et Statistique - IP Paris - Institut Polytechnique de Paris - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - ENPC - École nationale des ponts et chaussées - IP Paris - Institut Polytechnique de Paris

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Abstract: Introducing a new measure of scientific proximity between private firms and public research groups and exploiting a multi-billion euro financing program of academic clusters in France, we provide causal evidence of local spillovers from academic research to firms in the private sector. Our main estimate suggests that each euro spent in academic research through this program spurred an additional 0.81 euros in private R&D expenditures. We also show that this shock increased the average quality of patents. We exploit reports produced by funded clusters, complemented by data on firm creation, labor mobility and R&D public–private partnerships, to provide evidence on the channels for these spillovers. We discuss the policy implications of funding academic research to stimulate private R&D.

Date: 2025-11
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Published in Quarterly Journal of Economics, 2025, 140 (4), pp.3233-3282. ⟨10.1093/qje/qjaf034⟩

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Journal Article: From Public Labs to Private Firms: Magnitude And Channels of Local R&D Spillovers* (2025)
Working Paper: From Public Labs to Private Firms: Magnitude and Channels of Local R&D Spillovers (2025)
Working Paper: From Public Labs to Private Firms: Magnitude and Channels of Local R&D Spillovers (2025)
Working Paper: From Public Labs to Private Firms: Magnitude and Channels of Local R&D Spillovers (2025)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-05365896

DOI: 10.1093/qje/qjaf034

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