When the home country introduces a patent law after the winner of the patent race is known the country's welfare may … rise only if the domestic firm wins. If the home country decides before the patent race ends, the welfare may be increased …

play a role in the contemporaneous evolution of innovation in a broad cross section of countries today. Our results …, while 'home grown' innovation is more sensitive to internal structural and institutional factors. …

Patent citation data are used in a growing body of economics and business research on technological diffusion. Research …. “Forward” citations (citations to the firm’s patents made by other patents) have been interpreted as a measure of the knowledge … diffusing outward from the patenting entity. Until now, there exists little evidence on whether or not patent citations are a …

issue, we build a model in which the value of an innovation depends both on the type of innovation implemented (product …, process) and on the existence of a patent protection or not. We obtain a three-equation model that links the values of product … and process innovations to the value of patent protection. This model and the feature of the data imply the estimation of …

is briefly presented. Then the empirical literature that relates Tobin's q to R&D and patent measures is surveyed and new … corporation is strongly related to its knowledge assets, and that the patent measures contain information about this value above …