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- W26551480 abstract "This paper estimates production functions for patents, treated as a measure of invention. Inputs are firm R&D and knowledge flows from a firm’s inventions and scientific discoveries, from inventions and discoveries of other firms, and from scientific discoveries in universities. The largest impact on new patents derives from invention-based knowledge flows. But science-based flows also play a role for highly cited, high impact patents. Knowledge flows from other firms’ patents are more important than flows from inside the firm. Industry flows outweigh university flows. We also compare production functions for patents and scientific papers. Even more than patents, papers depend on knowledge outside the firm. In contrast with patents, knowledge flows from universities dominate industry flows. The results suggest that inventions are determined by a sequence of research. Later on knowledge flows narrow down to industry, whereas university research is more important in the early stages. Even so, science plays an appreciable role in patents, especially high impact patents." @default.
- W26551480 created "2016-06-24" @default.
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- W26551480 date "2008-01-01" @default.
- W26551480 modified "2023-09-27" @default.
- W26551480 title "Invention and Discovery In Science-Based Firms" @default.
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