Abstract

How do barriers to the diffusion of academic research affect innovation? In 2008, the NIH mandated free online availability of funded research. This policy caused a 50 percentage point increase in free access to funded articles. We introduce a novel measure, in-text patent citations, to study how this mandate affected industry use of academic science. After 2008, patents cite NIH-funded research 12-27% more often. Non-funded research, funded research in journals unaffected by the mandate, and academic citations see no change. These estimates are consistent with a model of search for useful knowledge. Ineffciency caused by academic publishing may be substantial.

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