When Do Research Consortia Work Well and Why? Evidence from Japanese Panel Data

By Lee G. Branstetter, Mariko Sakakibara. 2002

432 citations recorded by the source corpus.

We examine the impact of a large number of Japanese government-sponsored research consortia on the research productivity of participating firms by measuring their patenting in the targeted technologies before, during, and after participation. Consistent with the theoretical predictions of Katz (1986) and others, we find consortium outcomes are positively associated with the level of potential R&D spillovers within the consortium and (weakly) negatively associated with the degree of product market competition among consortium members. Furthermore, our evidence suggests that consortia are most effective when they focus on basic research.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/25198ea5a86e3e77583264799cb60b8c3b8f66fe

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In Economics and Econometrics

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