Public R&D Investments and Private-sector Patenting: Evidence from NIH Funding Rules

Pierre Azoulay, Joshua S. Graff Zivin, Danielle Li, Bhaven N. Sampat

NBER Working Paper No. 20889
Issued in January 2015, Revised in January 2017

---- Acknowledgments ----

We acknowledge the financial support of the National Science Foundation through its SciSIP Program (Award SBE-0738142). We are grateful to Jason Abaluck, David Autor, Jim Bessen, Alex Frankel, David Genesove, Gordon Hanson, Ben Jones, Naomi Hausman, Kelly Shue, Scott Stern, John Van Reenen, Heidi Williams, and numerous seminar participants for helpful comments and suggestions. Azoulay and Graff Zivin are currently supported by the NIH for a project examining life cycle events, innovation, and the evolution of scientific fields (P01-AG039347). Azoulay, Graff Zivin, and Sampat are all prior recipients of NIH funding. Azoulay and Li have a current special volunteer agreement with NIH to facilitate access to peer review data. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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