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Does the Technological Content of Government Demand Matter for Private R&D? Evidence from US States

Titelangaben

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Slavtchev, Viktor ; Wiederhold, Simon:
Does the Technological Content of Government Demand Matter for Private R&D? Evidence from US States.
In: American Economic Journal / Macroeconomics. 8 (2016) 2. - S. 45-84.
ISSN 1945-7715 ; 1945-7707

Volltext

Link zum Volltext (externe URL): http://www.cesifo-group.de/DocDL/WP_30002015002000...

Kurzfassung/Abstract

Governments purchase everything from airplanes to zucchini. This paper investigates the role of the technological content of government procurement in innovation. In a theoretical model, we first show that a shift in the composition of public purchases toward high-tech products translates into higher economy-wide returns to innovation, leading to an increase in the aggregate level of private R&D. Using unique data on federal procurement in US states and performing panel fixed-effects estimations, we find support for the model’s prediction of a positive R&D effect of the technological content of government procurement. Instrumental-variable estimations suggest a causal interpretation of our findings.

Weitere Angaben

Publikationsform:Artikel
Schlagwörter:Government demand; Private R&D; Endogenous growth; Innovation policy
Institutionen der Universität:Wirtschaftswissenschaftliche Fakultät > Volkswirtschaftslehre > Lehrstuhl für Volkswirtschaftslehre, insbesondere Makroökonomik
Peer-Review-Journal:Ja
Titel an der KU entstanden:Nein
Eingestellt am:08. Aug 2017 08:03
Letzte Änderung:08. Aug 2017 08:03
URL zu dieser Anzeige:http://edoc.ku-eichstaett.de/20233/