Why are governmental R&D and private R&D complements? (research and development).
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Dennis P. Leyden, Associate Professor (Creator)
- Albert N. Link, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: It is well known that governmental R&D and private R&D have complementary relationship. However, no previous study has provided an explanation for why that complementary relationship exists. This paper argues that infratechnology is the critical link between governmental and private R&D and that the observed complementarity is the result of technical complementarity at the production level between funding, infratechnology, and knowledge sharing. A theoretical framework based on this argument is developed and examined empirically for supporting evidence. Evidence of technical complementarity is found as well as evidence that governmental R&D stimulates the sharing of knowledge.
Why are governmental R&D and private R&D complements? (research and development).
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Created on 9/8/2010
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Additional Information
- Publication
- Applied Economics, October 1991, 23(10):1673-1681.
- Language: English
- Date: 1991
- Keywords
- Public sector, Private sector, Research and development, Complimentary