Academic research and industrial innovation
نویسنده
چکیده
The purpose of this study is to estimate the extent to which technological innovations in various industries have been based on recent academic research, and the time lags between the investment in recent academic research projects and the industrial utilization of their findings. Because no attempt (to my knowledge) has been made to estimate the social rate of return from academic research, ’ we also make some rough and tentative estimates of this sort. While the results are subject to many limitations discussed below, they should be of interest to public policy-makers concerned with science and technology, as well as to
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