Publications [#266232] of Wesley M. Cohen

Journal Articles

1. Cohen, WM; Nelson, RR; Walsh, JP, Links and impacts: The influence of public research on industrial R&D, Management Science, vol. 48 no. 1 (January, 2002), pp. 1-23, Institute for Operations Research and the Management Sciences (INFORMS), ISSN 0025-1909 [doi]
   (last updated on 2024/04/24)

   Abstract:
   In this paper, we use data from the Carnegie Mellon Survey on industrial R&D to evaluate for the U.S. manufacturing sector the influence of "public" (i.e., university and government R&D lab) research on industrial R&D, the role that public research plays in industrial R&D, and the pathways through which that effect is exercised. We find that public research is critical to industrial R&D in a small number of industries and importantly affects industrial R&D across much of the manufacturing sector. Contrary to the notion that university research largely generates new ideas for industrial R&D projects, the survey responses demonstrate that public research both suggests new R&D projects and contributes to the completion of existing projects in roughly equal measure overall. The results also indicate that the key channels through which university research impacts industrial R&D include published papers and reports, public conferences and meetings, informal information exchange, and consulting. We also find that, after controlling for industry, the influence of public research on industrial R&D is disproportionately greater for larger firms as well as start-ups.