Beck, Mathias; Junge, Martin; Kaiser, Ulrich - 2018
We review and condense the body of literature on the economic returns of public R&D on private R&D and find that: (i …) private returns to R&D appear to be large and larger than the returns to alternative investments; (ii) private R&D and R&D … subsidies are positively correlated and there is no evidence for crowding out; (iii) R&D cooperation increases private R&D; (iv …