A Public Sector Knowledge Production Function

Albert Link and Martijn van Hasselt

No 19-3, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

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.

Keywords: Patents; R&D; Knowledge production function; Technology transfer (search for similar items in EconPapers)
JEL-codes: H11 O31 O33 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2019-01-04
New Economics Papers: this item is included in nep-ino, nep-ipr and nep-knm
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Citations: View citations in EconPapers (5)

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