Life Scientist Mobility from Academe to Industry : Does Academic Entrepreneurship Induce a Costly “Brain Drain” on the Not-for-Profit Research Sector?


Toole, Andrew A. ; Czarnitzki, Dirk


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URL: http://ub-madoc.bib.uni-mannheim.de/1792
URN: urn:nbn:de:bsz:180-madoc-17923
Document Type: Working paper
Year of publication: 2007
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Subject headings (SWD): Klein- und Mittelbetrieb , Hochschule , Forschungskooperation , Wissenschaftstransfer , Forschung und Entwicklung , Spin-off-Effekt
Abstract: When academic researchers participate in commercialization using for-profit firms there is a potentially costly trade-off – their time and effort are diverted away from academic knowledge creation. This is a form of brain drain on the not-for-profit research sector which may reduce knowledge accumulation and adversely impact long-run economic growth. In this paper, we examine the economic significance of the brain drain phenomenon using scientist-level panel data. We identify life scientists who start or join for-profit firms using information from the Small Business Innovation Research (SBIR) program and analyze the research performance of these scientists relative to a control group of randomly selected research peers. Combining our statistical results with data on the number of university spin-offs in the U.S. from 1994 to 2004 we find the academic brain drain has a nontrivial impact on knowledge creation in the not-for-profit research sector.
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Toole, Andrew A. ; Czarnitzki, Dirk (2007) Life Scientist Mobility from Academe to Industry : Does Academic Entrepreneurship Induce a Costly “Brain Drain” on the Not-for-Profit Research Sector? Open Access [Working paper]
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