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Real Effects of Academic Research

Adam B. Jaffe
- 01 Jan 1989 - 
- Vol. 79, Iss: 5, pp 957-970
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TLDR
In this article, the existence of geographically mediated "spillovers" from university research to commercial innovation is explored using state-level time-series data on corporate patents, corporate R&D, and university research.
Abstract
The existence of geographically mediated "spillovers" from university research to commercial innovation is explored using state-level time-series data on corporate patents, corporate R&D, and university research. A significant effect of university research on corporate patents is found, particularly in the areas of drugs and medical technology, and electronics, optics, and nuclear technology. In addition, university research appears to have an indirect effect on local innovation by inducing industrial R&D spending. Copyright 1989 by American Economic Association.

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Industry–University Collaboration by Canadian Manufacturing Firms*

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Universities and industrially relevant science: Towards measurement models and indicators of entrepreneurial orientation

TL;DR: In this paper, the authors introduce concepts, theory, and a measurement model for identifying (the early stages of) a university's enterpreneurial orientation within a quantitative analytical framework.
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Public R&D Policies and Cost Behavior of the US Manufacturing Industries

TL;DR: In this paper, the authors evaluate the contribution of R&D tax incentives and publicly-financed investment policies in promoting the growth of output and privately-funded research investment in US manufacturing industries.
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The Influence of University R & D Expenditures on New Business Formations and Employment Growth

TL;DR: In this article, the authors hypothesize that new firms tend to form in areas characterized by high levels of university research and development (R&D) expenditures and that these births will in turn stimulate the local economy by generating increases in employment level and growth.
References
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ReportDOI

Patent Statistics as Economic Indicators: A Survey

TL;DR: In this paper, the authors present a survey on the use of patent data in economic analysis, focusing on the patent data as an indicator of technological change and concluding that patent data remain a unique resource for the study of technical change.
Posted Content

Patent Statistics as Economic Indicators: A Survey

TL;DR: In this paper, the authors present a survey on the use of patent data in economic analysis, focusing on the patent data as an indicator of technological change and concluding that patent data remain a unique resource for the study of technical change.
Posted Content

Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value

TL;DR: In this article, the authors present evidence that firms' patents, profits and market value are systematically related to the technological position of firms' research programs, and that firms are seen to "move" in technology space in response to the pattern of contemporaneous profits at different positions.
Journal ArticleDOI

Econometric Models for Count Data with an Application to the Patents-R&D Relationship

TL;DR: This paper developed and adapted statistical models of counts (nonnegative integers) in the context of panel data and used them to analyze the relationship between patents and R&D expenditures. But their model is not suitable for the analysis of large-scale data sets.
ReportDOI

Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits, and Market Value

TL;DR: In this article, the effects of exogenous variations in the state of technology (technological opportunity) and of the R&D of other firms (spillovers of r&D) on the productivity of firms' R&Ds were quantified.
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What are effects of research?

The effects of research discussed in the paper include the influence of university research on corporate patents, particularly in the areas of drugs and medical technology, and electronics, optics, and nuclear technology. Additionally, university research has an indirect effect on local innovation by stimulating industrial R&D spending.