Cookies?
Library Header Image
LSE Research Online LSE Library Services

The retreat of public research and its adverse consequences on innovation

Archibugi, Daniele and Filippetti, Andrea (2018) The retreat of public research and its adverse consequences on innovation. Technological Forecasting and Social Change, 127. pp. 97-111. ISSN 0040-1625

[img]
Preview
Text - Accepted Version
Download (985kB) | Preview
Identification Number: 10.1016/j.techfore.2017.05.022

Abstract

Does it matter whether research is conducted by the private business rather than in universities or government research centres? While most of the attention of science and innovation policy in the last decades has explored the relevance of the interconnections between public and business players in enhancing knowledge-based societies, a major trend has been ignored: both the quota of public R&D and its share over the total R&D investment has shrunk in the majority of OECD countries. As a result, a larger fraction of knowledge is today generated in the business sector. We argue that this is a major problem since public research and private research differ along a number of characteristics, e.g. public access, potential for future technological innovations, criteria of resource allocation. This trend can have adverse implications for long-term innovation and economic welfare in our societies. Through the lens of the public goods theory and of the sector of funding and execution of R&D for the period 1981–2013 we try to explain why.

Item Type: Article
Official URL: https://www.sciencedirect.com/journal/technologica...
Additional Information: © 2017 Elsevier Inc.
Divisions: Geography & Environment
Subjects: B Philosophy. Psychology. Religion > BJ Ethics
Sets: Departments > Geography and Environment
Date Deposited: 25 Apr 2018 08:44
Last Modified: 20 Nov 2019 05:34
URI: http://eprints.lse.ac.uk/id/eprint/87634

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics