Understanding Patents: The Role of R&D Funding Sources and the Patent Office

Paroma Sanyal
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Paroma Sanyal: Brandeis University

Industrial Organization from University Library of Munich, Germany

Abstract: This paper analyzes the effects of different sources of R&D funding and patent office attributes on the patenting process. Another important contribution is modeling the effect of a random delay in the ‘pendency’ time as a stochastic process and quantifying its effect on patenting. The empirical estimation is based on four major industries – electronics, chemical and biology, transportation and aeronautics – for the time period 1976-1998. The primary results are: First, the source of R&D funding as well as performer (academic, federal and industry) has a differential effect on patenting. Second, the effects of some types of R&D and spillovers are different post-1990. Third, in the short run patenting is heavily influenced by patent office attributes. The state level analysis sheds light on the differing role of the federal government as an R&D performed and as a source of R&D funds for industry. The results contribute to a better understanding of the shortcomings in the formulation of science indicators.

Keywords: Patents; Innovations; Federal v/s Private R&D (search for similar items in EconPapers)
JEL-codes: O31 O34 O38 O39 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2005-04-13
Note: Type of Document - pdf; pages: 38
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpio:0504012

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