Is distance dying at last?
AbstractEconomists have long been sceptical of claims about the 'death of distance' - the idea that new technology has diminished the significance of geography for economic outcomes. Research by Sokbae Lee, Rachel Griffith and John Van Reenen, which looks at patent citations over a quarter of a century, finds the first hard evidence that distance is indeed becoming less important. Their study finds that measured by the relative speed of patent citations over time, the flow of ideas between countries is getting quicker. If new ideas are benefiting other countries more quickly, it may make less sense to subsidise corporate R&D.
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Bibliographic InfoPaper provided by London School of Economics and Political Science in its series Open Access publications from London School of Economics and Political Science with number http://eprints.lse.ac.uk/4595/.
Date of creation: Feb 2008
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Publication status: Published in Centrepiece (2008-02) v.12, p.6-10
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- Carlo Menon, 2009.
"Stars and Comets: An Exploration of the Patent Universe,"
SERC Discussion Papers
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- Carlo Menon, 2011. "Stars and comets: an exploration of the patent universe," Temi di discussione (Economic working papers) 784, Bank of Italy, Economic Research and International Relations Area.
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