Public Technology Infrastructure, R&D Sourcing, and Research Joint Ventures

James Adams, M. Marcu and A. J. Wang

Economics of Innovation and New Technology, 2008, vol. 17, issue 7-8, 631-648

Abstract: In this paper, we define public technology infrastructure to mean public resources that bring new R&D into existence. Examples are public research that yields knowledge spillovers and government contracts that broker new research. Using this definition we explore the effect of public infrastructure on cooperative R&D, especially R&D sourcing and research joint ventures (RJVs). Our findings strongly suggest that public infrastructure promotes cooperative R&D. We begin by studying the role of federal laboratories in R&D sourcing by private laboratories, finding that sourcing increases as a result. Then we examine patents arising from RJVs sponsored by the Advanced Technology Program (ATP). We find that R&D subsidies as well as difficulty and novelty increase patents produced by the RJVs. Contractual oversight by ATP has no direct effect but an indirect effect appears to exist, since firms value ATP oversight more highly for more difficult and novel projects, and these produce more patents.

Keywords: R&D; Sourcing; Research joint ventures; Knowledge; Spillovers; Contracts; Incentives (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1080/10438590701785561

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