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University patenting and the pace of industrial innovation

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  • Kira R. Fabrizio
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    Abstract

    Universities, traditionally sources of basic science and research knowledge for industrial researchers, have responded to recent public policy changes by increasingly patenting research results produced by academic researchers. While proponents of strong intellectual property protection argue the benefits of strong rights to promote innovation and facilitate markets for knowledge exchange, critics express concerns over restrictions on diffusion and use of upstream knowledge. Results of an analysis of industrial innovation suggest that increasing university patenting is associated with a slowing pace of knowledge exploitation, especially in technology areas that rely more heavily on science as an input to innovation. This new evidence suggests that university patenting may indeed be hindering or at least slowing industrial innovation. Copyright 2007 , Oxford University Press.

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    File URL: http://hdl.handle.net/10.1093/icc/dtm016
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    Bibliographic Info

    Article provided by Oxford University Press in its journal Industrial and Corporate Change.

    Volume (Year): 16 (2007)
    Issue (Month): 4 (August)
    Pages: 505-534

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    Handle: RePEc:oup:indcch:v:16:y:2007:i:4:p:505-534

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    Cited by:
    1. Giovanni B. Ramello, 2011. "Property Rights and Externalities: The Uneasy Case of Knowledge," ICER Working Papers 02-2011, ICER - International Centre for Economic Research.
    2. Francesco LISSONI (GREThA, CNRS, UMR 5113) & Fabio MONTOBBIO (KITeS, Université BOCCONI - Milan), 2012. "The ownership of academic patents and their impact. Evidence from five European countries," Cahiers du GREThA 2012-24, Groupe de Recherche en Economie Théorique et Appliquée.
    3. Nordhaus, William, 2011. "Designing a friendly space for technological change to slow global warming," Energy Economics, Elsevier, vol. 33(4), pages 665-673, July.
    4. Hussler Caroline & Pénin Julien, 2010. "The determinants of scientific research agenda: Why do academic inventors choose to perform patentable versus non-patentable research?," Working Papers of BETA 2010-06, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    5. Julien Pénin, 2009. "On the consequences of university patenting: What can we learn by asking directly to academic inventors?," Working Papers of BETA 2009-04, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    6. Alessandra Perri & Raffaele Oriani & Francesco Rullani, 2012. "Does Co-Location Accelerate Knowledge Outflows from FDI? The Role of MNC Subsidiaries' Technology Sourcing Strategies," DRUID Working Papers 12-09, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    7. Alessandra Perri & Raffaele Oriani & Francesco Rullani, 2013. "Knowledge breadth of MNC subsidiaries and the duration of host-country firms' search," Working Papers 7, Department of Management, Università Ca' Foscari Venezia.

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