Public & Private Spillovers, Location and the Productivity of Pharmaceutical Research

Jeffrey L. Furman, Margaret K. Kyle, Iain M. Cockburn, Rebecca Henderson

NBER Working Paper No. 12509
Issued in September 2006

---- Acknowledgements -----

This paper was prepared for the NBER, CRIW, and CREST conference on R&D, Education, and Productivity in honor of Zvi Griliches held in Paris, August 25-27, 2003. We would like to thank the organizers and participants in that conference, particularly Ernie Berndt, Jacques Mairesse, and Manuel Trajtenberg, as well as the participants of the NBER Productivity Lunch, the Federal Reserve Bank of San Francisco, and the BYU-Utah Strategy Conference, as well as Nick Argyres, Kira Fabrizio, Megan MacGarvie, Steve Postrel, and Scott Stern for their helpful comments. Please address comments to Jeff Furman, Boston University, 595 Commonwealth Ave #653a, Boston MA 02215, furman@bu.edu. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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