Paul David

Department of Economics
Stanford University
Stanford, CA. 94305-6072
Tel: 650-723-3710
Fax: 650-725-5702

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org

NBER Working Papers and Publications

April 2011The Innovation Fetish among the Economoi: Introduction to the Panel on Innovation Incentives, Institutions, and Economic Growth
in The Rate and Direction of Inventive Activity Revisited, Josh Lerner and Scott Stern, editors
February 2000Heart of Darkness: Modeling Public-Private Funding Interactions Inside the R&D Black Box
with Bronwyn H. Hall: w7538
This paper is a first step toward closing the analytical gap in the extensive literature on the results of interactions between public and private R&D expenditures, and their joint effects on the economy. Econometric studies in this area report a plethora of sometimes confusing and frequently contradictory estimates of the response of company financed R&D to changes in the level and nature of public R&D expenditure, but the necessary theoretical framework within which the empirical results can be interpreted is seldom provided. A major cause of inconsistencies' in the empirical literature is the failure to recognize key differences among the various policy experiments' being considered depending upon the economy in which they are embedded, and the type of public sector R&D spending that ...

Published: Research Policy, Vol. 29 (June 2000). citation courtesy of

October 1999Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence
with Bronwyn H. Hall, Andrew A. Toole: w7373
Is public R&D spending complementary and thus "additional" to private R&D spending, or does it substitute for and tend to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available economectric evidence accumulated over the past 35 years. A framework for analysis of the problem i is developed to help organize and summarize the findings of econometric studies based on time series and cross-section data from various levels of aggregation (laboratory, firm, industry, country). The findings overall are ambivalent and the existing literature as as a whole is subject to the criticim that the nature of the "experiment(s)" that the investigators envisage is not adequately specified. We conclude by offering suggestions for improving fut...

Published: Research Policy, Vol. 29 (May 2000). citation courtesy of

1986Rudimentary Contraceptive Methods and the American Transition to Marital Fertility Control, 1855-1915
with Warren Sanderson
in Long-Term Factors in American Economic Growth, Stanley L. Engerman and Robert E. Gallman, editors
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