Previous research has expressed concerns about firms engaging less in basic research. We contribute to this debate by …-intensive industries. Beyond that, we observe positive trends in publishing in basic research journals compared to journals focused on … applied research, and publishing in collaboration with academic partners compared to publishing alone. Thus, our results paint …

We develop a model to rationalize and examine so-called "research bubbles", i.e. research activities based on … overoptimistic beliefs about the impact of this research on the economy. Research bubbles occur when researchers selfselect into … research activities and the government aggregates the assessment of active researchers on the way advances in research may spur …

the basicness of research underlying an invention can be characterized by the nature of the previous patents cited by an … invention; that the basicness of research outcomes relates to the subsequent patents that cite an invention; and that the …, and find that many of the measures do conform to our a priori belief that university research and research outcomes are …

the basicness of research underlying an invention can be characterized by the nature of the previous patents cited by an … invention; that the basicness of research outcomes relates to the subsequent patents that cite an invention; and that the …, and find that many of the measures do conform to our a priori belief that university research and research outcomes are …

We evaluate the impact of basic research on pharmaceutical firms' technological performance, distinguishing between … internal basic research and the exploitation of external basic research findings. We find that firms increase their performance … by engaging more in internal basic research, in particular if basic research is conducted in collaboration with …