IDEAS home Printed from https://ideas.repec.org/a/eee/paresc/v99y2020i4p857-899.html

Patent intensity and concentration: The effect of institutional quality on MSA patent activity

Author

Listed:
  • Wagner, Gary A.
  • Bologna Pavlik, Jamie

Abstract

Patented innovation is a predominately local phenomenon. It is also an indicator of economic growth. Using data on U.S. metropolitan statistical areas, we examine the long†run effect of economic freedom, and each of its three components, on local patent activity. Using an instrumental variables approach for identification, we find that increased government spending is associated with reduced individual patent activity, though this effect is modest in magnitude. Our strongest results suggest that increased economic freedom significantly reduces patent concentration in both ownership and product types. This implies that economic freedom creates an environment conducive to diverse and diffused innovation and may provide a viable alternative to place†based economic development strategies. Our results are robust to a quantile regression instrumental variable analysis.

Suggested Citation

Handle: RePEc:eee:paresc:v:99:y:2020:i:4:p:857-899
DOI: 10.1111/pirs.12515
as

Download full text from publisher

File URL: http://www.sciencedirect.com/science/article/pii/S1056819023021048
Download Restriction: Full text for ScienceDirect subscribers only
File URL: https://libkey.io/10.1111/pirs.12515?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

As the access to this document is restricted, you may want to

for a different version of it.

More about this item

Keywords

;
;
;
;

JEL classification:

  • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
  • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
  • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

Statistics

Access and download statistics

Corrections

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:paresc:v:99:y:2020:i:4:p:857-899. See general information about how to correct material in RePEc.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

We have no bibliographic references for this item. You can help adding them by using this form .

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.sciencedirect.com/journal/papers-in-regional-science .

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.