Macro-level studies find a positive relation between (basic) R&D investments and economic performance and growth. Spillovers – knowledge flows between economic actors for which the receiver does not compensate the sender – are suggested to play an important role in this positive...

Macro-level studies find a positive relation between (basic) R&D investments and economic performance and growth. Spillovers – knowledge flows between economic actors for which the receiver does not compensate the sender – are suggested to play an important role in this positive relation. At...