NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

University Research, Industrial R&D, and the Anchor Tenant Hypothesis

Ajay Agrawal, Iain M. Cockburn

NBER Working Paper No. 9212
Issued in September 2002
NBER Program(s):   PR

We examine geographic concentration, agglomeration, and co-location of university research and industrial R&D in three technological areas: medical imaging, neural networks, and signal processing. Using data on scientific publications and patents as indicators of university research and industrial R&D, we find strong evidence of geographic concentration in both activities at the level of MSAs. While evidence for agglomeration (in the sense of excess' concentration relative to the size of MSAs and the size distribution of research labs) of research in these fields is mixed, we do find strong evidence of co-location of upstream and downstream activity. We view such co-located vertically connected activities as constituents of a local innovation system,' and these appear to vary markedly in their ability to convert local academic research into local commercial innovation. We develop and test the hypothesis that the presence of a large, local, R&D-intensive firm an anchor tenant' enhances the productivity of local innovation systems by making local university research more likely to be absorbed by and to stimulate local industrial R&D. Presence of anchor tenant firms may be an important factor in stimulating both the demand and supply sides of local markets for innovation and may be an important channel for transmission of spillovers. While our empirical results are preliminary, they indicate that anchor tenant technology firms may be an economically important aspect of the institutional structure of local economies.

download in pdf format
   (585 K)

email paper

This paper is available as PDF (585 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w9212

Users who downloaded this paper also downloaded these:
Agrawal, Cockburn, and McHale w9950 Gone But Not Forgotten: Labor Flows, Knowledge Spillovers, and Enduring Social Capital
Agrawal, Cockburn, and Rosell w15437 Not Invented Here? Innovation in Company Towns
Kim, Lee, and Marschke w11447 The Influence of University Research on Industrial Innovation
Adams, Chiang, and Starkey w7843 Industry-University Cooperative Research Centers
Agrawal, Kapur, and McHale w14592 Brain Drain or Brain Bank? The Impact of Skilled Emigration on Poor-Country Innovation
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us