A public sector knowledge production function

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 capit...

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Bibliographic Details
Published inEconomics letters Vol. 175; pp. 64 - 66
Main Authors Link, Albert N., van Hasselt, Martijn
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.02.2019
Elsevier Science Ltd
Subjects
Expenditures
Government agencies
Knowledge
Knowledge production function
Patent law
Patenting
Production
Production functions
Public sector
R&D
Research & development
Research & development expenditures
Studies
Technology transfer
Patents
R&D
Technology transfer
Knowledge production function
H11
O31
O33
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Summary: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. •Policymakers calling for estimates of returns to Federal agency R&D.•Returns measured by new patent applications associated with Federal agency R&D.•New patent application elasticity of per capita R&D estimated to be 1.06.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2018.12.025