Transparency and the Social Benefits of Government Funded Research

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I investigate the effect of increasing transparency on the social benefits of government funded research. For this purpose, I exploit two laws enacted in the United States related to government funding and improved information provision. Using these, I analyze how the change in information disclosure affects follow-on innovation of government-funded research. The results show an elevated degree of innovation building on federally funded patents after transparency increased due to additional information. I find that this effect could be attributed to a decrease in search costs and asymmetric information. Further results imply that patents funded by procurement contracts show a stronger increase in follow-on innovation compared to those funded by grants. Considering the actual amount awarded, I find a positive relationship and that patents from projects with a medium level of funding benefit in particular. These results imply a positive effect of more transparency on innovation.
Original languageEnglish
Title of host publicationBook of Abstracts. EPIP 2022 : Opening IP for a Better World?
Number of pages1
Place of PublicationCambridge
PublisherUniversity of Cambridge
Publication date2022
Publication statusPublished - 2022
EventThe 2022 Annual Conference of EPIP - University of Cambridge, Cambridge, United Kingdom
Duration: 14 Sept 202216 Sept 2022


ConferenceThe 2022 Annual Conference of EPIP
LocationUniversity of Cambridge
Country/TerritoryUnited Kingdom
Internet address

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