Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence

Paul A. David, Bronwyn H. Hall and Andrew A. Toole.
Authors registered in the RePEc Author Service: Bronwyn H Hall and Paul A. David

No E99-269, Economics Working Papers from University of California at Berkeley

Abstract: Is public R&D spending complementary and thus "additional" to private R&D spending, or does it substitute for and tend to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available econometric evidence accumulated over the past 35 years. A framework for analysis of the problem is developed to help organize and summarize the findings of econometric studies based on time series and cross-section data from various levels of aggregation (laboratory, firm, industry,country). The findings overall are ambivalent and the existing literature as a whole is subject to the criticism that the nature of the "experiment(s)" that the investigators envisage is not adequately specified. We conclude by offering suggestions for improving future empirical research on this issue.

Date: 1999-08-01
New Economics Papers: this item is included in nep-dev, nep-ind, nep-ino, nep-pub and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (31)

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Related works:
Working Paper: Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence (2005)
Journal Article: Is public R&D a complement or substitute for private R&D? A review of the econometric evidence (2000)
Working Paper: Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence (2000)
Working Paper: Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence (1999)
Working Paper: Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence (1999)
Working Paper: Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence (1999)
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