University Research and the Location of Business R&D
This paper investigates the relationship between the location of private sector R&D labs and university research departments in Great Britain. This relationship is stronger for foreign-owned labs, consistent with multinationals sourcing technology internationally. We also find some evidence for co-location with lower rated research departments in industries such as machinery and communications equipment.
Link
http://www.ifs.org.uk/wps/wp0702.pdf