relating to patenting, robust conclusions regarding the empirical consequences for technological innovation of changes in …

and production of financial innovation. We use machine learning to identify the financial patents and extensively audit … the results to ensure their reasonableness. We find that patented financial innovation is substantial and economically … financial sector, which collectively accounted for 69% of the awards. The location of innovation has shifted, with banks moving …

We study the optimal allocation of R&D resources in an endogenous growth model with an innovation network, through … more R&D toward key sectors that are upstream in the innovation network. Second, we extend to an open-economy setting and … spillovers has less incentive to direct resources toward innovation-upstream sectors, leading to cross-country differences in …

agglomeration of US innovation. This study applies an ethnic-name database to individual US patent records to explore these trends …

While many studies have looked at innovation and adoption of technologies separately, the two processes are linked …

Using patent data from the United States, Japan, and Germany, this paper examines both the innovation and diffusion of … environmental regulations. Moreover, any technology transfer that occurs appears to be indirect. Domestic innovation occurs even for …