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Research Details
"Public R&D Investments and Private Sector Patenting: Evidence from NIH Funding Rules"
Abstract
This paper measures the impact of public R&D investments on innovation by private, sector firms. We quantify the returns to grant spending at the National Institutes of Health (NIH) in terms of the biomedical patents it generates. Our paper makes two contributions. First, we use newly constructed bibliometric data to develop a method for flexibly measuring the outcomes of basic science investments. Second, we take advantage of the institutional features of NIH peer review to address concerns about the endogeneity of grant funding. This work is preliminary: please contact me for the latest draft.
Type
Working Paper
Author(s)
Pierre Azoulay, Joshua Graff-Zivin, Danielle Li, Bhaven Sampat
Date Published
2014
Citations
Azoulay, Pierre, Joshua Graff-Zivin, Danielle Li, and Bhaven Sampat. 2014. "Public R&D Investments and Private Sector Patenting: Evidence from NIH Funding Rules".