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
Arthur Guillouzouic: Aix-Marseille School of Economics
Emeric Henry: ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique
Clément Malgouyres: CREST - Centre de Recherche en Economie et Statistique [Bruz] - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - Groupe ENSAE-ENSAI - Groupe des Écoles Nationales d'Économie et Statistique, 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 multibillion-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 €1 spent in academic research through this program spurred an additional €0.81 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 The Quarterly Journal of Economics, 2025, 140 (4), pp.3233-3282. ⟨10.1093/qje/qjaf034⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-05840928

DOI: 10.1093/qje/qjaf034

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