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

38 Pages Posted: 17 Jun 2004

See all articles by Paroma Sanyal

Paroma Sanyal

Brandeis University - Department of Economics

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

JEL Classification: O31, O34, O38, O39

Suggested Citation

Sanyal, Paroma, Understanding Patents: The Role of R&D Funding Sources and the Patent Office. Economics of Innovation and New Technology, Vol. 12, No. 6, pp. 507-529, December 2002. Available at SSRN: https://ssrn.com/abstract=556629

Paroma Sanyal (Contact Author)

Brandeis University - Department of Economics ( email )

Waltham, MA 02454
United States

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