Assessing the relative performance of university technology transfer in the US and the UK : a stochastic distance function approach
Siegel, Donald, Wright, Mike, Chapple, Wendy and Lockett, Andy. (2008) Assessing the relative performance of university technology transfer in the US and the UK : a stochastic distance function approach. Economics of Innovation and New Technology, Vol.17 (No.7-8). pp. 717-729. ISSN 1043-8599Full text not available from this repository.
Official URL: http://dx.doi.org/10.1080/10438590701785769
University technology transfer offices (henceforth, TTOs) play a critical role in the diffusion of innovation and the development of new technology infrastructure. Studies of the relative efficiency of TTOs have been based on licensing output measures and data from a single country. In contrast, we present the first cross-country comparison of the relative performance of TTOs, based on stochastic multiple output distance functions. The additional dimension of output considered is the university's propensity to generate start-up companies, based on technologies developed at these institutions. We find that US universities are more efficient than UK universities and that the production process is characterized by either decreasing or constant returns to scale. Universities with a medical school and an incubator are closer to the frontier.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HJ Public Finance|
|Divisions:||Faculty of Social Sciences > Warwick Business School > Centre for Small & Medium-Sized Enterprises
Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management
Faculty of Social Sciences > Warwick Business School
|Journal or Publication Title:||Economics of Innovation and New Technology|
|Number of Pages:||13|
|Page Range:||pp. 717-729|
|Access rights to Published version:||Restricted or Subscription Access|
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