JANUARY 28, 2026
Public research is often portrayed as a quest for knowledge, while corporate R&D is seen as being driven by market forces. But is this opposition really justified? In a recent study, four economists reveal how a major investment in public laboratories can influence innovation spending across the French industrial sector.
Bergeaud A., Guillouzouic A., Henry E. et Malgouyres C., 2025, "From public labs to private firms : magnitude and channels of local R&D spillovers" The Quarterly Journal of Economics, 140(4), pp. 3233–3282
