Article ID: | iaor20032307 |
Country: | United States |
Volume: | 48 |
Issue: | 1 |
Start Page Number: | 1 |
End Page Number: | 23 |
Publication Date: | Jan 2002 |
Journal: | Management Science |
Authors: | Cohen Wesley M., Nelson Richard R., Walsh John P. |
Keywords: | innovation |
In this paper, we use data from the Carnegie Mellon Survey on industrial R&D to evaluate for the US manufacturing sector the influence of ‘public’ (i.e., university and government R&D lab) research on industrial R&D, the role that public research plays in industrial R&D, and the pathways through which that effect is exercised. We find that public research is critical to industrial R&D in a small number of industries and importantly affects industrial R&D across much of the manufacturing sector. Contrary to the notion that university research largely generates new ideas for industrial R&D projects, the survey responses demonstrate that public research both suggests new R&D projects and contributes to the completion of existing projects in roughly equal measure overall. The results also indicate that the key channels through which university research impacts industrial R&D include published papers and reports, public conferences and meetings, informal information exchange, and consulting. We also find that, after controlling for industry, the influence of public research on industrial R&D is disproportionately greater for larger firms as well as start-ups.