Effects of Federal Support on Company-Financed R and D: The Case of Energy
通过微观数据研究联邦研发资助对企业自身研发支出的影响，发现两者总体上互补，约三分之一政府项目会引发企业后续自投资金，且企业参与项目目标制定程度影响这种溢出效应。
For decades, policy makers in both the public and private sectors have been concerned with the question: What is the impact of changes in federal R and D support on company-financed R and D expenditures? This is one of the first empirical studies at a micro level of this topic. The results, which pertain to energy R and D, indicate a complementarity between government-financed and company-financed R and D, on the average, although there is a considerable amount of interfirm variation in this regard. In about one-third of the projects studied, federally-financed R and D projects suggested some further R and D into which the firm invested its own funds. The results of a logit analysis suggest that whether or not a government-financed R and D project results in such a spinoff depends on the extent to which the performing firm contributes to the formulation of the project’s goals and strategies.