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Do higher wages lead to more automation innovation? To answer this question, we first use the frequency of certain … keywords in patent text to create a new measure of automation innovation in machinery. We show that our measure is correlated …-level panel analysis, we find that an increase in low-skill wages leads to more automation innovation with an elasticity between 2 …
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linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …
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This paper provides a first comprehensive quantitative analysis of optimal patent policy in the global economy. We introduce a new framework, which combines trade and growth theory into a tractable tool for quantitative research. Our application delivers three main results. First, the potential...
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