scientific knowledge and private patented inventions. However, private inventions may be a function of the stock of public … knowledge. In this paper, we examine the possibility that public knowledge contributes to productivity through its relationship … with private sector invention. Our analysis identifies connections between the stock of public knowledge and private firm R …

While most economists believe that public scientific research fuels industry innovation and economic growth, systematic … size as a significant driver of drug innovation in the pharmaceutical industry, but they did not find any evidence … supporting science-driven innovation from publicly funded research. This paper uses new data on biomedical research investments …