Dear Colleagues,
We kick off our Fall virtual seminar series related to Entrepreneurship and Innovation Policy Research next Wednesday, September 3, from 11:00-12:00 ET Christopher Esposito (UCLA) - will present "A stress test of the U.S. Knowledge Supply Chain". Abstract is below. Click the link HERE to register for the September 3 seminar.
We hope you join us!
- Tim Folta (UCONN), Maryann Feldman (ASU), and Supradeep Dutta (Rutgers U)
Abstract: Like physical products, new technologies are created by combining inputs from across the world. This paper identifies the global supply chain of scientific knowledge used by U.S. inventors and tests its resilience to international shocks. Using simulations that remove countries from the supply chain and allow the network to reconfigure, I show that the supply of science relied on by U.S. inventors is resilient to shocks affecting individual countries, but that shocks that affect multiple countries can lead the supply chain to collapse. Network collapse not only impedes the ability for inventors in the U.S. to access foreign science, but also impacts their ability to capitalize on domestic investments in basic research: preliminary estimates suggest that excluding international science from the U.S. economy would decrease the conversion of NSF-funded science into patented technologies by 47% and would slow the speed of conversion by 25%. Furthermore, the exposure of U.S. invention to international disruptions is distributed unevenly across countries and legislative entities: while losing access to Canadian science would reduce the conversion rate of NSF-funded science to patents by 3% and the slow the process by 1%, losing access to science from the European Union would reduce the rate by 25% and slow the process by 15%.
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