Data and Code for: Knowledge spillovers and corporate investment in scientific research

Resource Type
Dataset : aggregate data, observational data, program source code
  • Arora, Ashish (Duke University, Fuqua School of Business and NBER)
  • Belenzon, Sharon (Duke University, Fuqua School of Business and NBER)
  • Sheer, Lia (Duke University, Fuqua School of Business)
Publication Date
Funding Reference
  • National Science Foundation
    • Award Number: 1747316
  • Fuqua School of Business, Duke University
Free Keywords
spillovers; R&D; scientific research; economics of innovation; private returns
  • Abstract

    Using data on 800,000 corporate publications and patent citations to these publications between 1980 and 2015, we study how corporate investment in research is linked to its use in the firm's inventions, and to spillovers to rivals. We find that private returns to corporate research depend on the balance between two opposing forces: the benefits from the use of science in own downstream inventions, and the costs of spillovers to rivals. Consistent with this, firms produce more research when it is used internally, but less research when it is used by rivals. As firms become more sensitive to rivals using their science, they are likely to reduce the share of research in R&D.
Temporal Coverage
  • 1980-01-01 / 2015-12-31
    Time Period: Tue Jan 01 00:00:00 EST 1980--Thu Dec 31 00:00:00 EST 2015
Geographic Coverage
  • United States of America
This study is freely available to the general public via web download.
  • Has version
    DOI: 10.3886/E120550V1
  • Arora, Ashish, Sharon Belenzon, and Lia Sheer. “Knowledge Spillovers and Corporate Investment in Scientific Research.” American Economic Review, n.d.

Update Metadata: 2021-02-19 | Issue Number: 1 | Registration Date: 2021-02-19