Showing 1 - 10 of 72
Cumulative innovation is central to economic growth. Do patent rights facilitate or impede follow-on innovation? We …. Patent rights block downstream innovation in computers, electronics and medical instruments, but not in drugs, chemicals or … triggers more follow-on innovation by small firms. …
Persistent link: https://www.econbiz.de/10010789229
This paper studies how patent rights and price regulation affect how fast new drugs are launched in different countries, using newly constructed data on launches of 642 new drugs in 76 countries for the period 1983-2002, and information on the duration and content of patent and price control...
Persistent link: https://www.econbiz.de/10010945145
cumulative innovation. This paper studies the effects of strategic patenting on R&D, patenting and market value in the computer … evidence that both strategic patenting and R&D spillovers strongly affect innovation and market value of software firms. …
Persistent link: https://www.econbiz.de/10005670634
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010655943
We introduce a novel empirical strategy to measure credit shocks. Theoretically, we show that credit shocks reduce the value of long term investments relative to short term ones. Under the (conservative) assumption that demand shocks affect short and long run investments similarly, credit shocks...
Persistent link: https://www.econbiz.de/10010711338
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
Persistent link: https://www.econbiz.de/10010549053
When will reducing trade barriers against a low wage country cause innovation to increase in high wage regions like the … cost of innovating falls. Interestingly, the "China shock" is more likely to induce innovation than liberalization with … be faster long-run growth through innovation in the US and that, in the short run, this is magnified by the trapped …
Persistent link: https://www.econbiz.de/10010610737
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
Persistent link: https://www.econbiz.de/10005670440
This paper investigates the effect of market entry of new firms on incumbent firms' innovative activity measured as patent applications. The basic assumption is that the effect of entry varies by geographical distance between entrants and incumbents due to the presence of localized unobserved...
Persistent link: https://www.econbiz.de/10008694937
Using new data on citations to university patents and scientific publications, we study how geography affects university knowledge spillovers. Citations to patents decline sharply with distance up to about 150 miles and are strongly constrained by state borders. Distance also constrains...
Persistent link: https://www.econbiz.de/10008694945