ERIC Number: ED508548
Record Type: Non-Journal
Publication Date: 2010-Feb
Abstractor: As Provided
Reference Count: N/A
University-Industry Spillovers, Government Funding, and Industrial Consulting. NBER Working Paper No. 15732
Jensen, Richard; Thursby, Jerry; Thursby, Marie C.
National Bureau of Economic Research
This paper presents a theoretical model of faculty consulting in the context of government and industry funding for research within the university, which then frames an empirical analysis of the funding and consulting of 458 individual faculty inventors from 8 major US universities. In the theory, firms realize that they free ride on government sponsored research of the faculty they hire as consultants and faculty realize their university research projects indirectly benefit from their firm experience. The model accounts for faculty quality, project characteristics, faculty share of license revenue from university research, and the university's research support. Empirically we find that government research funding is positively related to consulting, independent of faculty quality. We find that government and industry funding for university research are strategic complements as well as evidence of the ability of universities to leverage their research infrastructure to attract research funding.
Descriptors: Research, Higher Education, Research Projects, Financial Support, College Faculty, Models, Universities, Consultants, Consultation Programs, School Business Relationship
National Bureau of Economic Research. 1050 Massachusetts Avenue, Cambridge, MA 02138-5398. Tel: 617-588-0343; Web site: http://www.nber.org
Publication Type: Reports - Evaluative
Education Level: Higher Education
Authoring Institution: National Bureau of Economic Research
Identifiers - Location: United States