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This chapter reviews the data and literature on gender, race and ethnicity differences in research funding in the United States and Europe. The gender gap in research funding has closed at the National Science Foundation and National Institutes of Health in the United States and substantially...
Persistent link: https://www.econbiz.de/10013334326
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
century. In addition to the funding agency, the data report whether the government has title to the patent ("title" patents …) or funded a patent assigned to a private organization ("license" patents). The data include a large number of "license …" patents that cannot be linked to government funding from patent text or other sources. Combining the historical data with …
Persistent link: https://www.econbiz.de/10014486228
Concern exists that public funding of science is increasingly risk averse. Funders have addressed this concern by soliciting the submission of high-risk research to either regular or specially designed programs. Little evidence, however, has been gathered to examine the extent to which such...
Persistent link: https://www.econbiz.de/10013361975
As patent data become more available in machine-readable form, an increasing number of researchers have begun to use … the economic meaning of these citation-based patent measures using the financial market valuation of the firms that own … measures of Tobin's Q for the firms. We find that citation-weighted patent stocks are more highly correlated with market value …
Persistent link: https://www.econbiz.de/10012471009
,786 public corporations, and measures of both patent quality and patent value, we find that, while average invention value rises …
Persistent link: https://www.econbiz.de/10013362008
Worker mobility across firms can enhance innovation by spreading knowledge, but such mobility may also hinder innovation by making firms reluctant to invest in R&D. A common way that firms limit workers' mobility is with noncompete agreements (NCAs). We examine how the legal enforceability of...
Persistent link: https://www.econbiz.de/10014322874
We use textual analysis of high-dimensional data from patent documents to create new indicators of technological … innovation. We identify significant patents based on textual similarity of a given patent to previous and subsequent work: these … patents are distinct from previous work but are related to subsequent innovations. Our measure of patent significance is …
Persistent link: https://www.econbiz.de/10012480917
This paper looks more closely at the sources of patent growth in the United States since 1984. It confirms that the … surge), but not before, when patents were relatively unimportant in these industries. Also, the value of patent rights in …
Persistent link: https://www.econbiz.de/10012468088
Science funding agencies such as the NIH, NSF, and their counterparts around the world are often criticized for being too conservative, funding incremental innovations over more radical but riskier projects. One explanation for their conservatism is the way the agencies use peer review of...
Persistent link: https://www.econbiz.de/10014322796