A public sector knowledge production function

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Albert N. Link, Professor (Creator)
Martijn Van Hasselt, Assistant Professor (Creator)
Institution
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: There are no studies of the R&D-to-patenting relationship at the federal agency level. We estimate a public sector knowledge production function using federal agency patent application data over the years 2003 through 2014. We find that the patent application elasticity with respect to per capita R&D spending is about 1.06. This measure might be interpreted as one dimension of the social returns to public sector R&D generated through newly created knowledge.

Additional Information

Publication
Economics Letters, 175, 64-66
Language: English
Date: 2019
Keywords
Patents, R&D, Knowledge production function, Technology transfer

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