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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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State-Level Determinants of Entrepreneurship and a Preliminary Measure of Entrepreneurial Climate

TL;DR: In this paper, the authors investigate independent effects of financial and human entrepreneurial capital and ideas on entrepreneurial activity in the 50 states and rank each state in terms of predicted and actual entrepreneurial activity scores and propose a preliminary measure of the entrepreneurial "climate" of each state.
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Knowledge diffusion and innovation policies within the European regions: Challenges based on recent empirical evidence

TL;DR: In this article, the authors build upon empirical results concerning localised knowledge spillovers to highlight some policy implications within European regions and argue that original strategies must be generated to cope with the various dilemmas faced by regional innovation policies.
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From Which Source Do Small Firms Derive Their Innovative Inputs? Some Evidence from Italian Industry

TL;DR: In this article, the authors rely upon the hypothesis that the knowledge production function is characterized by coefficient estimates which vary with firm size, and they support their hypothesis that firms belonging to different size classes resort to different sources for the knowledge relevant to their innovative output.
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Vertical R&D Spillovers, Cooperation, Market Structure, and Innovation

TL;DR: In this paper, four types of R&D cooperation are studied: no cooperation, horizontal cooperation, vertical cooperation, and simultaneous horizontal and vertical cooperation in two vertically related industries, with horizontal spillovers within each industry and vertical spillovers between the two industries.
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The impact of regional absorptive capacity on spatial knowledge spillovers

TL;DR: In this article, the authors design a conceptual framework for linking two approaches: absorptive capacity and spatial knowledge spillovers (KSs), and test the hypothesis that insufficient levels of cognitive capital hamper the capability of regions to fully exploit new knowledge, both locally produced and originating from outside.
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.