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Killing the Golden Goose? The Decline of Science in Corporate RD
Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations between 1980 and 2007. We find that publications by company scientists have declined over time in a range of industries. We also find that the value attributable to scientific research has dropped, whereas the value attributable to technical knowledge (asdoi:10.3386/w20902 fatcat:7t3xez2a2bal7gyph7shpw46im