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Project Description

Summary:  View help for Summary Data and Code for: Estimating spillovers from publicly funded R&D: Evidence from the US Department of Energy

Paper abstract: We quantify the magnitude of R&D spillovers created by grants to small firms from the U.S. Department of Energy. Our empirical strategy leverages variation due to state-specific matching policies, and we develop a new approach to measuring both geographic and technological spillovers that does not rely on an observable paper trail. Our estimates suggest that for every patent produced by grant recipients, three more are produced by others who benefit from spillovers. Sixty percent of these spillovers occur within the U.S., and many of them occur in technological areas substantially different from those targeted by the grants.

Scope of Project

JEL Classification:  View help for JEL Classification
      O31 Innovation and Invention: Processes and Incentives
      O33 Technological Change: Choices and Consequences; Diffusion Processes
      O38 Technological Change: Government Policy


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