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R & D Spillovers and Recipient Firm Size

The Review of Economics and Statistics · 1994 · Vol. 76(2) · pp. 336–336

Zoltán J. Ács✉(University of Baltimore)David B. Audretsch(WZB Berlin Social Science Center)Maryann P. Feldman(Public Policy Institute of California)

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Abstract

The findings in this paper provide some insight into how small firms are able to innovate. Using a production function approach to relate knowledge generating inputs to innovative output, the empirical results suggest that small firms are the recipients of R&D spillovers from knowledge generated in the R&D centers of their larger counterparts and in universities. Such R&D spillovers are apparently more decisive in promoting the innovative activity of small firms than of large corporations. Copyright 1994 by MIT Press.

Economic Growth and Productivity Intellectual Property and Patents Firm Innovation and GrowthEconomicsMonetary economicsEconometrics

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