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Inter-state dynamics of invention activities, 1930-2000

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Author Info
John S. Landon-Lane (Department of Economics, Rutgers, The State University of New Jersey, New Brunswick, NJ, USA)
Catherine Y. Co (Department of Economics, University of Nebraska at Omaha, Omaha, NE, USA)
Myeong-Su Yun (Department of Economics, Tulane University, New Orleans, LA, USA)

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Abstract

We study the dynamics of the cross-section distribution of patents per capita for the 48 continental US states from 1930 to 2000 using a discrete-state Markov chain. We test for and find evidence in favor of the (knowledge) convergence hypothesis. The distribution of patents is converging to a limiting distribution that is significantly more concentrated than its initial distribution. States in the extreme are more mobile than states in the middle of the cross-sectional distribution and are likely to move to the middle. However, the rate of convergence to the limiting distribution is 'slow'. Copyright © 2006 John Wiley & Sons, Ltd.

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File URL: http://hdl.handle.net/10.1002/jae.909
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File URL: http://qed.econ.queensu.ca:80/jae/2006-v21.8/
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Article provided by John Wiley & Sons, Ltd. in its journal Journal of Applied Econometrics.

Volume (Year): 21 (2006)
Issue (Month): 8 ()
Pages: 1111-1134
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Handle: RePEc:jae:japmet:v:21:y:2006:i:8:p:1111-1134

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  1. Moshe Buchinsky & Jennifer Hunt, 1999. "Wage Mobility In The United States," The Review of Economics and Statistics, MIT Press, vol. 81(3), pages 351-368, August. [Downloadable!] (restricted)
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  2. Quah, Danny, 1993. "Galton's Fallacy and Tests of the Convergence Hypothesis," CEPR Discussion Papers 820, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  3. David Popp & Ted Juhl & Daniel Johnson, 2004. "Time In Purgatory: Examining the Grant Lag for U.S. Patent Applications," Topics in Economic Analysis & Policy, Berkeley Electronic Press, vol. 4(1), pages 1329-1329. [Downloadable!] (restricted)
  4. Audretsch, David B & Feldman, Maryann P, 1996. "R&D Spillovers and the Geography of Innovation and Production," American Economic Review, American Economic Association, vol. 86(3), pages 630-40, June. [Downloadable!] (restricted)
  5. Kortum, Samuel & Lerner, Josh, 1998. "Stronger protection or technological revolution: what is behind the recent surge in patenting?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 48(1), pages 247-304, June. [Downloadable!] (restricted)
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  6. Catherine Co & Mark Wohar, 2004. "Technological convergence among US regions and states," Economics of Innovation and New Technology, Taylor and Francis Journals, vol. 13(2), pages 101-126, March. [Downloadable!] (restricted)
  7. Hall, Bronwyn H & Griliches, Zvi & Hausman, Jerry A, 1986. "Patents and R and D: Is There a Lag?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(2), pages 265-83, June. [Downloadable!] (restricted)
  8. Carlino, Gerald A. & Mills, Leonard O., 1993. "Are U.S. regional incomes converging? : A time series analysis," Journal of Monetary Economics, Elsevier, vol. 32(2), pages 335-346, November. [Downloadable!] (restricted)
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