Heart of Darkness: Public-Private Interaction Inside the R&D Black Box

Paul David and Bronwyn Hall

Economics Papers from Economics Group, Nuffield College, University of Oxford

Abstract: This paper is a first step toward closing the analytical gap in the extensive literature on the results of interactions between public and private R&D expenditures, and their joint effects on the economy. A survey focusing on econometric studies in this area reveals a plethora of sometimes confusing and frequently contradictory estimates of the response of company financed R&D to changes in the level and nature of this category of public expenditures. Yet, a theoretical framework is provided within which the empirical results are to be interpreted.

Keywords: RESEARCH AND DEVELOPMENT; PUBLIC GOODS; PRIVATE SECTOR (search for similar items in EconPapers)
JEL-codes: H41 H42 O31 O38 (search for similar items in EconPapers)
Pages: 24 pages
Date: 1999
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:nuf:econwp:1999-w16

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