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institutional change benefitted patent holders, explains the burst in U.S. patenting. Using both international and" domestic data on … patent applications and awards, we conclude that the evidence is not favorable" to the conventional view. Instead, it appears … that the jump in patenting reflects an increase in" U.S. innovation spurred by changes in the management of research …
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I use the aggregate behavior of three indicators of technology (employment of research scientists and engineers, patented inventions, and total factor productivity) to identify a plausible model of endogenous technological change. In the US (as well as in other developed countries) research...
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