Discussion paper
DP865 Innovation and R&D Spillovers
Recent evidence has raised a number of explanations as to why smaller enterprises may tend to have an innovative advantage, at least in certain industries. The purpose of this paper is to identify the degree to which university and corporate R&D spills over to innovative activity at the state level. We find substantial evidence that spillovers are facilitated by the geographic coincidence of universities and research laboratories within the state.
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