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For governments procuring innovation, one choice is whether to specify desired products (a "Conventional" approach) or allow firms to suggest ideas (an "Open" approach). Using a U.S. Air Force R&D grant program, where Op...Read more...
Sabrina T. Howell, Jason Rathje, John Van Reenen and Jun Wong
13 April 2021
We examine the impact of government funding for R&D - and defense-related R&D in particular - on privately conducted R&D, and its ultimate effect on productivity growth. We estimate longitudinal models that rel...Read more...
Enrico Moretti, Claudia Steinwender and John Van Reenen
14 November 2019