NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Andrew Wang

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January 2003Universities, Joint Ventures, and Success in the Advanced Technology Program
with Michael R. Darby, Lynne G. Zucker: w9463
America's most innovative firms participate in the U.S. Commerce Department's Advanced Technology Program (ATP) those that participated at least once accounted for over 40 percent of U.S. patents to U.S. entities during 1988-1996. Many firms are repeat participants. ATP participation has significant and robust effects on innovation in firms, generally increasing firms' patenting during the time they are receiving ATP support, when compared to patenting by the same firms prior to and after the ATP award. ATP participation increases firms' patenting on average by between 5 and 30 patents per year during the period of ATP participation. This represents a 4 to 25 percent increase in firms' patenting compared to the period before ATP participation. Furthermore, joint-venture (JV) project part...

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