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Invention Disclosures and the Slowdown of Scientific Knowledge

Author

Listed:
  • Link, Albert

    () (University of North Carolina at Greensboro, Department of Economics)

  • Scott, John

    () (Dartmouth College)

Abstract

Invention disclosures are one measure of new scientific knowledge that represents and predicts the future scientific research output of a U.S. federal laboratory. In this paper, we document a negative shift in the production function for new scientific knowledge as measured by invention disclosures at one federal laboratory, the National Institute of Standards and Technology, over the first 16 years of the new millennium. We find a negative shift of the production function for new scientific knowledge, and that shift might reflect the coincidence of the ICT revolution that enabled fast science, and the evaluation of research with uncritical use of citation counts that created incentives to focus on incremental research in crowded research topics.

Suggested Citation

  • Link, Albert & Scott, John, 2020. "Invention Disclosures and the Slowdown of Scientific Knowledge," UNCG Economics Working Papers 20-6, University of North Carolina at Greensboro, Department of Economics.
  • Handle: RePEc:ris:uncgec:2020_006
    as

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    References listed on IDEAS

    as
    1. Link, Albert N. & Scott, John T., 2011. "Public Goods, Public Gains: Calculating the Social Benefits of Public R&D," OUP Catalogue, Oxford University Press, number 9780199729685.
    2. Zvi Griliches, 1998. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 17-45, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Invention disclosures; Federal laboratory; Scientific knowledge; Knowledge production function; ICT revolution;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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