A public sector knowledge production function

Albert Link and Martijn van Hasselt

Economics Letters, 2019, vol. 175, issue C, 64-66

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)
Date: 2019
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:175:y:2019:i:c:p:64-66

DOI: 10.1016/j.econlet.2018.12.025

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