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Effects of Government R&D on Private R&D Investment and Productivity: A Macroeconomic Analysis

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  • David M. Levy
  • Nestor E. Terleckyj

Abstract

This article examines the effects of different government expenditures for R&D on private R&D spending and on private sector productivity. Results are consistent with the hypothesis that $1.00 of government contract R&D performed in industry induced about $.27 of private R&D expenditure. Weak indications are obtained that government-funded R&D done in government and in universities also influenced private R&D positively. Overhead reimbursement of government contractors for R&D, however, apparently reduced private R&D outlays. A positive effect of the stock of government contract R&D on private sector productivity is estimated, but it is smaller and statistically weaker than the effect of private R&D capital.

Suggested Citation

  • David M. Levy & Nestor E. Terleckyj, 1983. "Effects of Government R&D on Private R&D Investment and Productivity: A Macroeconomic Analysis," Bell Journal of Economics, The RAND Corporation, vol. 14(2), pages 551-561, Autumn.
    • Handle: RePEc:rje:bellje:v:14:y:1983:i:autumn:p:551-561
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