THE IMPACT OF ACADEMIC PATENTING ON THE RATE, QUALITY AND DIRECTION OF (PUBLIC) RESEARCH OUTPUT
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Azoulay_The Impact of Academic.PDF
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Author(s)
Azoulay, Pierre
Ding, Waverly
Stuart, Toby
Date Issued
December 2009
Journal
Journal of Industrial Economics
Publisher
Blackwell Publishing
Citation
Azoulay, Pierre, Waverly Ding, and Toby Stuart. “THE IMPACT OF ACADEMIC PATENTING ON THE RATE, QUALITY AND DIRECTION OF (PUBLIC) RESEARCH OUTPUT.” The Journal of Industrial Economics 57.4 (2009): 637-676. ©2009 The Authors.
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Author's final manuscript
Abstract
We examine the influence of faculty patenting on the rate, quality, and
content of public research outputs in a panel dataset of 3,862 academic
life scientists. Using inverse probability of treatment weights (IPTW) to
account for self-selection into patenting, we find that patenting has a
positive effect on the rate of publications and a weak positive effect on
the quality of these publications. We also find that patenters may be
shifting their research focus to questions of commercial interest. We
conclude that the often voiced concern that patenting in academe has a
nefarious effect on public research output is misplaced.
MIT Department
Sloan School of Management
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DOI of Published Version
https://doi.org/10.1111/j.1467-6451.2009.00395.x
