“…Empirical work testing for positive spillovers in innovation and discovery, the types of public goods that we focus on, found that “R&D spillovers are both prevalent and important” (Baldwin & Von Hippel, 2011; Griliches, 1992). These positive spillovers have been shown to have important effects on firms, increasing productivity (Czarnitzki & Kraft, 2012; Nagle, 2014), providing strategic advantages (Harhoff, Henkel, & Von Hippel, 2003), and building innovation capabilities (Altman, Nagle, & Tushman, 2014; Golovko & Valentini, 2014; Govindarajan & Ramamurti, 2011; Trachuk & Linder, 2019). Thus, there is good reason to believe that algorithm development could have positive spillovers, providing a country‐specific advantages for firms of that country (Mauri and de Figueiredo, 2017).…”