Evaluating the social returns to innovation: An application to university technology transfer

Albert N. Link, Donald Siegel

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

A fundamental problem in articulating the societal benefits of technology transfer is the lack of hard empirical evidence on the economic gains associated with this activity. To fill this gap, we apply the framework and methods developed by Griliches and Mansfield et al. to assess the social returns to university-based inventions. This methodology can be used to derive explicit measures of key metrics, such as social rates of return and benefit-to-cost ratios characteristic of specific new technologies. A case study is used to illustrate the application of this method.

Original languageEnglish (US)
Pages (from-to)171-187
Number of pages17
JournalAdvances in the Study of Entrepreneurship, Innovation, and Economic Growth
Volume19
DOIs
StatePublished - Dec 1 2009

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Technology transfer
Patents and inventions
Innovation
Economics
Costs
University technology transfer
Social returns
Invention
Transfer of technology
Rate of return
Methodology
Empirical evidence

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Finance
  • Management of Technology and Innovation

Cite this

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