Fleisher, Belton M.; Zhou, Mi - Ohio State University, Department of Economics - 2010
elusive. Our best estimate of the direct impact of the 1992 and 2001 patent laws on TFP growth amounts to not quite 15 percent … of the average TFP growth rate over the period, but a much larger share of TFP growth is associated with enactment of the … laws in a simple interpretation of our empirical investigation. We estimate that virtually none of the laws’ impact on TFP …