Efficiency of public and private R&D in technology-intensive industries: The controlled nuclear fusion case

A. V. Kovalev ()

Voprosy Ekonomiki, 2018, issue 7

Abstract: The paper considers the relationship between the format of R&D activity (public or private) and the choice of strategy for innovative development in technology-intensive industries. The analysis is exemplified with the case of research on controlled nuclear fusion. Public and private strategies are shown to face different kinds of risks: public R&D suffers from low managerial efficiency and poor commercialization; private R&D focuses on research projects facing greater uncertainties and therefore larger risks, but in the event of success they lead to more cost-efficient technologies which are easier to commercialize.

Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.vopreco.ru/jour/article/viewFile/445/444 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2018:id:445

DOI: 10.32609/0042-8736-2018-7-119-130

Access Statistics for this article

More articles in Voprosy Ekonomiki from NP Voprosy Ekonomiki
Bibliographic data for series maintained by NEICON ().