Science Is Golden: Academic R&D and University Patents
AbstractMany studies have shown indirect effects of academic research by linking academic research to firm patents. However, since the Bayh-Dole Act, universities are allowed to patent inventions that were funded by federal money and to retain the royalties that these patents generate. As a consequence, universities now are interested in protecting their "profitable" discoveries, just like any commercial firm doing R&D. In this paper, we apply the econometric techniques traditionally used to estimate the patent production function of firms to data on the patents of American universities. We find that more money spent on academic research leads to more university patents, with elasticities that are similar to those found for commercial firms. In addition, we provide estimates of the effect of establishing a Technology Transfer Office on a university's patent output. Copyright 2003 by Kluwer Academic Publishers
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Springer in its journal Journal of Technology Transfer.
Volume (Year): 28 (2003)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=104998
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Saul Lach & Mark Schankerman, 2008.
"Incentives and invention in universities,"
LSE Research Online Documents on Economics
25475, London School of Economics and Political Science, LSE Library.
- Saul Lach & Mark Schankerman, 2006. "Incentives and Invention in Universities," CEP Discussion Papers dp0729, Centre for Economic Performance, LSE.
- Saul Lach & Mark Schankerman, 2004. "Incentives and invention in universities," LSE Research Online Documents on Economics 4711, London School of Economics and Political Science, LSE Library.
- Saul Lach & Mark Schankerman, 2007. "Incentives and invention in universities," LSE Research Online Documents on Economics 3725, London School of Economics and Political Science, LSE Library.
- Saul Lach & Mark Schankerman, 2003. "Incentives and Invention in Universities," NBER Working Papers 9727, National Bureau of Economic Research, Inc.
- Saul Lach & Mark Schankerman, 2004. "Incentives and Invention in Universities," STICERD - Economics of Industry Papers 33, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Lach, Saul & Schankerman, Mark, 2003. "Incentives and Invention in Universities," CEPR Discussion Papers 3916, C.E.P.R. Discussion Papers.
- Van Looy, Bart & Landoni, Paolo & Callaert, Julie & van Pottelsberghe, Bruno & Sapsalis, Eleftherios & Debackere, Koenraad, 2011. "Entrepreneurial effectiveness of European universities: An empirical assessment of antecedents and trade-offs," Research Policy, Elsevier, vol. 40(4), pages 553-564, May.
- Hülsbeck, Marcel & Lehmann, Erik E., 2010. "The role of regional knowledge production in university technology transfer: Isolating coevolutionary effects," UO Working Papers 01-10, University of Augsburg, Chair of Management and Organization.
- Amit Shovon Ray & Sabyasachi Saha, 2010. "PATENTING PUBLIC-FUNDED RESEARCH FOR TECHNOLOGY TRANSFER : A Conceptual-Empirical Synthesis of US Evidence and Lessons for India," Development Economics Working Papers 22918, East Asian Bureau of Economic Research.
- Litan, Robert E. & Mitchell, Lesa & Reedy, E.J., 2007. "Commercializing University Innovations: A Better Way," Working paper 449, Regulation2point0.
- Branco Ponomariov, 2008. "Effects of university characteristics on scientists’ interactions with the private sector: an exploratory assessment," The Journal of Technology Transfer, Springer, vol. 33(5), pages 485-503, October.
- Frosch, Katharina & Tivig, Thusnelda, 2007. "Age, human capital and the geography of innovation," Thuenen-Series of Applied Economic Theory 71, University of Rostock, Institute of Economics.
- Goddard, John Gabriel & Isabelle, Marc, 2007. "Explaining the balance between publications and patents as outputs from public-private collaborative R&D: An empirical study on French data," Economics Papers from University Paris Dauphine 123456789/5016, Paris Dauphine University.
- Robert E. Litan & Lesa Mitchell & E. J. Reedy, 2008. "Commercializing University Innovations: Alternative Approaches," NBER Chapters, in: Innovation Policy and the Economy, Volume 8, pages 31-57 National Bureau of Economic Research, Inc.
- Manuel Acosta & Daniel Coronado & Mª Dolores Leon & Mª Rosario Marin, 2005. "Determining factors of patent generation in Andalucia (Spain) - Does public policy support technological knowledge generation in universities?," ERSA conference papers ersa05p269, European Regional Science Association.
- Bradley, Samantha R. & Hayter, Christopher S. & Link, Albert N., 2013. "Models and Methods of University Technology Transfer," Working Papers 13-10, University of North Carolina at Greensboro, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.