Moretti, Enrico; Steinwender, Claudia; Van Reenen, John - 2019
In the US and many other OECD countries, expenditures for defense-related R&D represent a key policy channel through … funding for R&D - and defense-related R&D in particular - on privately conducted R&D, and its ultimate effect on productivity … growth. We estimate models that relate privately funded R&D to lagged government-funded R&D using industry-country level data …