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The Impact of Open Access Mandates on Invention

Author

Listed:
  • Kevin A. Bryan

    (University of  Toronto)

  • Yasin Ozcan

    (MIT Sloan School of Management)

Abstract

How do barriers to the diffusion of academic research affect innovation? In 2008, the National Institutes of Health (NIH) mandated free online availability of funded research. This policy caused a 50 percentage point increase in free access to funded articles. We introduce a novel measure, in-text patent citations, to study how this mandate affected industry use of academic science. After 2008, patents cite NIH-funded research 12% to 27% more often. Nonfunded research, funded research in journals unaffected by the mandate, and academic citations see no change. These estimates are consistent with a model of search for useful knowledge. Inefficiency caused by academic publishing may be substantial.

Suggested Citation

  • Kevin A. Bryan & Yasin Ozcan, 2021. "The Impact of Open Access Mandates on Invention," The Review of Economics and Statistics, MIT Press, vol. 103(5), pages 954-967, December.
    • Handle: RePEc:tpr:restat:v:103:y:2021:i:5:p:954-967
    DOI: 10.1162/rest_a_00926
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    Cited by:

    1. Jan Ditzen & Yiannis Karavias & Joakim Westerlund, 2022. "Multiple Structural Breaks in Interactive Effects Panel Data and the Impact of Quantitative Easing on Bank Lending," Papers 2211.06707, arXiv.org, revised Jan 2023.
    2. Rubin, Amir & Rubin, Eran & Segal, Dan, 2023. "Editor home bias?," Research Policy, Elsevier, vol. 52(6).

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