Comparative Localization of Academic and Industrial Spillovers

41 Pages Posted: 10 May 2001 Last revised: 29 Aug 2022

See all articles by James D. Adams

James D. Adams

Dept of Economics, Rensselaer Polytechnic Institute; National Bureau of Economic Research (NBER)

Date Written: May 2001

Abstract

This paper studies localization of academic and industrial knowledge spillovers. Using data on U.S. Research and Development laboratories, that quantify spatial aspects of learning about universities and firms as well as their locations, I find that academic spillovers are more localized than industrial spillovers. I also find that localization is increased by nearby stocks of R&D, but reduced by laboratory and firm size. These results on localized academic spillovers reflect open science and the industry-university cooperative movement, which encourage firms to work with local universities, so that localization coincides with the public goods nature of science. This situation contrasts with relations to other firms, where contractual arrangements are needed to access proprietary information, often at a considerable distance.

Suggested Citation

Adams, James D., Comparative Localization of Academic and Industrial Spillovers (May 2001). NBER Working Paper No. w8292, Available at SSRN: https://ssrn.com/abstract=269542

James D. Adams (Contact Author)

Dept of Economics, Rensselaer Polytechnic Institute ( email )

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