Bartel, Ann; Lach, Saul; Sicherman, Nachum - 2009
technological change. As the pace of innovations in production technologies increases, the less time the firm has to amortize the … problems, we use an exogenous proxy for technological change, namely the number of patents granted by the U.S. patent office … used and provide causal evidence of the impact of expected technological change on the likelihood and extent of production …