From Public Labs to Private Firms: Magnitude And Channels of Local R&D Spillovers*

• 成果类型: Article
• 署名作者: Bergeaud, Antonin; Guillouzouic, Arthur; Henry, Emeric; Malgouyres, Clement
• 署名单位: Hautes Etudes Commerciales (HEC) Paris; Centre for Economic Policy Research - UK; Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Paris School of Economics; Institut d'Etudes Politiques Paris (Sciences Po); Centre National de la Recherche Scientifique (CNRS)
• 刊物名称: QUARTERLY JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0033-5533
• DOI: 10.1093/qje/qjaf034
• 发表日期: 2025
• 页码: 3233-3282
• 关键词: knowledge spillovers; fiscal incentives; universities; patents; POLICY

摘要

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.