Japanese Research Consortia: A Microeconometric Analysis of Industrial Policy.
Despite the existence of much theoretical research analyzing the potential benefits and costs of R&D consortia, there has been little corresponding empirical work on their efficacy. In this paper, the authors undertake a large-sample econometric study of Japanese government-sponsored research consortia. They find evidence that frequent participation in these consortia has a positive impact on research expenditure and research productivity. These results hold after controlling for the potential endogeneity of intensity of participation in consortia to participating firms' research productivity. Furthermore, the authors find evidence that part of this impact arises from the increased knowledge spillovers that take place within these consortia. Copyright 1998 by Blackwell Publishing Ltd
Year of publication: |
1998
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Authors: | Branstetter, Lee ; Sakakibara, Mariko |
Published in: |
Journal of Industrial Economics. - Wiley Blackwell. - Vol. 46.1998, 2, p. 207-33
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Publisher: |
Wiley Blackwell |
Saved in:
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