Inter-State Dynamics of Invention Activities, 1930-2000
AbstractWe study the dynamics of the cross-section distribution of patents per capita for the 48 continental U.S. states from 1930 to 2000 using a discrete-state Markov chain. We test for and find evidence in favor of the (knowledge) convergence hypothesis as we find that 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 and are more likely to move to the middle than states in the middle of the cross-sectional distribution and the rate of convergence to the limiting distribution is ``slow.''
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Bibliographic InfoPaper provided by Rutgers University, Department of Economics in its series Departmental Working Papers with number 200511.
Date of creation: 15 Nov 2005
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Patent; US States; Convergence;
Other versions of this item:
- John S. Landon-Lane & Catherine Y. Co & Myeong-Su Yun, 2006. "Inter-state dynamics of invention activities, 1930-2000," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(8), pages 1111-1134.
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
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