We analyze the impact of international R&D spillovers on recipient countries in terms of social and private returns. We …&D intensive countries are expected to generate more spillovers at the margin, but the observed R&D stock is smaller than the …

This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We … convex, increases in overlapping ownership increase (decrease) R&D and output for high (low) enough spillovers while it … increases R&D but decreases output for intermediate levels of spillovers. There is scope for overlapping ownership to improve …

We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting … activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of … spillovers, indicating that venture capital fosters the commercialization of technologies. Methodologically, we contribute by …