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Uncertainty and the success of innovation

Title
Uncertainty and the success of innovation
Funding
ARC | Linkage Projects
Contract (GA) number
LP0667467
Start Date
2006/01/01
End Date
2008/12/31
Open Access mandate
no
Organizations
-
More information
http://purl.org/au-research/grants/arc/LP0667467

 

  • Macroeconomic Conditions and Successful Commercialization

    The commercialization of inventions is an investment, similar to spending on plant and equipment, and accordingly we would expect it to be affected by macroeconomic conditions. Using data on the commercialization activity from over 4000 inventors, we find evidence that macroeconomic conditions have a pro-cyclical affect on commercialization activities. However, the magnitude of the supply-side effects – the cost of finance and level of public sector research – are estimated to be larger than ...

    Do Patents Matter for Commercialization?

    In this paper, we take another look at the role that patents play in determining successful commercialization. We address this issue using survey data on 3,736 Australian inventions which were the subject of a patent application between 1986 and 2005. Although almost half of the survey respondents' patent applications were not granted, many still attempted to commercialize their inventions. This variation in patenting and commercialization outcomes enables us to address the question: do paten...
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