How Much U.S. Technological Innovation Begins in Universities?

In developed economies, technological progress is a key route to improved living standards, and universities are thought to be important sources of innovation in the economy. The U.S. patent records offer a rich set of information with which to examine the flow of technological know-how from university laboratories to industry.

by Jinyoung Kim and Gerald Marschke

Full Story: http://www.clevelandfed.org/research/Commentary/2007/041507.cfm