Macroeconomics Seminar Series. From public to private: magnitude and channels of R&D spillovers
Published: 27 February 2023
9 March. Antonin Bergeaud, HEC Paris
Dr Antonin Bergeaud, HEC Paris
"From public to private: magnitude and channels of R&D spillovers"
Thursday, 9 March. 3:00 pm
Room 540, Main Building
Abstract
Introducing a new measure of scientific proximity between private firms and public research groups and exploiting a multi-billion euro financing program of academic clusters in France, we provide causal evidence of spillovers from academic research to private sector firms. Firms in the top quartile of exposure to the funding shock increase their R&D effort by 20% compared to the bottom quartile. We exploit reports produced by funded clusters, complemented by data on labor mobility and R&D public–private partnerships, to provide evidence on the channels for these spillovers. We show that spillovers are driven by outsourcing of R&D activities by the private to the public sectors and, to a lesser extent, by labor mobility from one to the other and by informal contacts. We discuss the policy implications of these findings.
Bio
Antonin Bergeaud is a specialist in economic growth and innovation. His research focuses on the long-run determinants of GDP evolution, whether through the study of sources of heterogeneity between firms, the creation and diffusion of innovations, or the dynamics of productivity.
Antonin received his PhD from the Paris School of Economics in 2018 and is a graduate of Ecole Polytechnique. Prior to working at HEC, he was a research economist at the Banque de France
For further information, please contact business-school-research@glasgow.ac.uk
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First published: 27 February 2023
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