Deng, Yi - Federal Reserve Bank of San Francisco - 2005
This paper aims at quantifying the economic value of knowledge spillovers by exploring information contained in patent … in the amount of $0.6 to 1.2 million "R&D-equivalent" dollars for the knowledge spillovers as embodied in one patent … citation. For an average semiconductor firm, such an estimate implies that the total value of knowledge spillovers the firm …