TY  - JOUR
AU  - Adams,James D.
TI  - Comparative Localization of Academic and Industrial Spillovers
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 8292
PY  - 2001
Y2  - May 2001
UR  - http://www.nber.org/papers/w8292
L1  - http://www.nber.org/papers/w8292.pdf
N1  - Author contact info:
James D. Adams
Department of Economics
Rensselaer Polytechnic Institute
3406 Russell Sage Laboratory
Troy, NY  12180-3590
Tel: 518/276-2523
Fax: 518/276-2235
E-Mail: adamsj@rpi.edu
AB  - This paper studies localization of academic and industrial knowledge spillovers.  Using data on U.S. Research and Development laboratories, that quantify spatial aspects of learning about universities and firms as well as their locations, I find that academic spillovers are more localized than industrial spillovers.  I also find that localization is increased by nearby stocks of R&D, but reduced by laboratory and firm size.  These results on localized academic spillovers reflect open science and the industry-university cooperative movement, which encourage firms to work with local universities, so that localization coincides with the public goods nature of science.  This situation contrasts with relations to other firms, where contractual arrangements are needed to access proprietary information, often at a considerable distance.
ER  -