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History and theory alike suggest that General Purpose Technologies (GPT's), such as the steam engine or electricity, may play a key role in economic growth. In a previous paper (Helpman and Trajtenberg, 1994) we incorporated this notion into a Grossman-Helpman growth model, and explored the...
Persistent link: https://www.econbiz.de/10012473061
', meaning that the productivity of R&D in downstream sectors increases as a consequence of innovation in the GPT. Thus, as GPT … users is limited to arms-length market transactions, there will be "too little, too late" innovation in both sectors …
Persistent link: https://www.econbiz.de/10012474822
The extent to which new technological knowledge flows across institutional and national boundaries is a question of great importance for public policy and the modeling of economic growth. This paper develops a model of the process generating subsequent citations to patents as a lens for viewing...
Persistent link: https://www.econbiz.de/10012473126
We compare the geographic location of patent citations to those of the cited patents, as evidence of the extent to which knowledge spillovers are geographically localized. We find that citations to U.S. patents are more likely to come from the U.S., and more likely to come from the same state...
Persistent link: https://www.econbiz.de/10012474987