Universities and Fundamental Research: Reflections on the Growth of University-Industry Partnership

J A Poyago-Theotoky (), John Beath and Donald S. Siegel ()

Discussion Paper Series, Department of Economics from Department of Economics, University of St. Andrews

Abstract: The recent rise in university-industry partnerships has stimulated an important public policy debate regarding how these relationships affect fundamental research. In this paper, we examine the antecedents and consequences of policies to promote university-industry alliances. Although the preliminary evidence appears to suggest that these partnerships have not had a deleterious effect on the quantity and quality of basic research, some legitimate concerns have been raised about these activities that require additional analysis. We conclude that additional research is needed to provide a more accurate assessment of the optimal level of commercialisation.

Keywords: University-Industry Partnerships; Basic Research; Research Joint Ventures (RJVs); Technology Transfer Offices (TTOs); National Co-operative Research Act (NCRA); Bayh-Dole Act. (search for similar items in EconPapers)
JEL-codes: L31 O31 O32 O33 O34 O38 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent and nep-ino
Date: Written
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Journal Article: Universities and Fundamental Research: Reflections on the Growth of University--Industry Partnerships (2002)
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