Do research and development consortia increase patent value? : the case of SEMATECH
Grimes, Stephen Fitzgerald.
Thesis (M.P.P.)--Georgetown University, 2010.; Includes bibliographical references.; Text (Electronic thesis) in PDF format. The link between the public subsidization of private research and development (R&D) and the technological value of patents produced by subsidized firms has been largely unexamined. Historically, the United States has encouraged the formation of publicly subsidized research consortia to support struggling R&D-intensive industries. The increase of subsidies for private R&D has been linked with increased patent output in the short-term, but long-term effects on the technological value of the resultant patents were unknown. One consortia, SEMATECH, was widely regarded has a successful model for public subsidization of private R&D. Between 1988-1996, SEMATECH received annual subsidies of $100 million from the U.S. Department of Defense as part of the government's effort to buoy the U.S. semiconductor industry against foreign competition. Pooled OLS and two-way random effects regression models revealed that SEMATECH membership increased the total number of citations that patents filed by member firms received, and therefore the technological value of their patent outputs, at a statistically significant level. However, it was unclear whether these results could be generalized to describe the effect of participating in other subsidized research consortia.
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