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The impact of academic patenting on university research and its transfer
Authors:Gustavo CrespiPablo D’Este  Roberto FontanaAldo Geuna
Institution:a Science and Technology Division, Inter-American Development Bank (IADB), USA
b INGENIO (CSIC-UPV), Institute of Knowledge and Innovation Management, Spanish Council for Scientific Research (CSIC) - Polytechnic University of Valencia (UPV), Spain
c Department of Economics, University of Pavia, & KITeS - Bocconi University, Italy
d Department of Economics S. Cognetti de Martiis University of Torino, Via Po 53, 10124 Torino, Italy
e Collegio Carlo Alberto, Italy
f Grenoble Ecole de Management, France
Abstract:This paper contributes to the ongoing debate on the impact of academic patenting on publishing and knowledge transfer. Drawing upon two separate surveys of academics, and their CV information, we provide empirical evidence for UK academics in engineering and physical sciences. The contribution of this paper is two-fold. First, our findings show that (the intensity of) academic patenting complements publishing up to a certain level of patenting output, after which we find evidence of a substitution effect. We also find weak evidence of important differences across scientific fields with the more basic-oriented fields showing indications of a crowding-out effect. Second, our analysis of the potential impact of patenting on knowledge transfer shows a positive correlation between the stock of patents and engagement in knowledge transfer channels. However, we find that a substitution effect sets in, indicating an inverted U-shaped relationship between patenting and several knowledge transfer channels.
Keywords:Crowding-out/in effect  Academic patenting  Complementarities among knowledge transfer activities
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