Drivers of Academic Research and Patenting in India: Econometric Estimation of the Research Production Function
AbstractIn this paper we attempt to provide a comprehensive understanding of the drivers ofacademic research and patenting in India. Academic research is conceptualised as aresearch production process where research inputs (like research time and number ofresearch scholars) are transformed into research outputs in the form of publicationsand patents. We expect research inputs by a faculty member to be an outcome ofhis/her own decision-making process, which in turn determine his/her researchoutputs. Exogenous parameters, like faculty background, faculty attitude, researchsponsorship and institutional factors, are expected to influence both set of endogenousvariables (research inputs and outputs). We specify this production function as arecursive simultaneous equation model and estimate the structural parameters usingstandard econometric methods. Our results clearly identify several drivers ofacademic research and patenting in India, in terms of faculty background, facultyattitude and other parameters, from which we arrive at concrete policy lessons forpatenting of academic research in India. In particular, we argue that putting in placeinstitutional structures will not serve the purpose without addressing the fundamentalissues of research environment, culture and attitude in the first place. In a sense,therefore, introducing an IPR legislation alone may not act as an instant magicformula to energise Indian academic research for commercial application.
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Bibliographic InfoPaper provided by Indian Council for Research on International Economic Relations, New Delhi, India in its series Indian Council for Research on International Economic Relations, New Delhi Working Papers with number 247.
Length: 33 Pages
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Academic Research; Patents; Bayh-Dole Act; India;
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property Rights
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
- I23 - Health, Education, and Welfare - - Education - - - Higher Education and Research Institutions
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
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