increasing team size that we call the "racing against time" hypothesis: With innovation races more competitive globally, R … more R&D personnel. We test this hypothesis against a natural experiment that took place in 1995 when the U.S. patent law …

patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from … for confounding factors. The first patent application by a young firm is associated with significant growth in employment … three years ahead of the first patent application. However, we find no evidence of additional firm growth after patent …

We study how profit taxation affects plants' R&D spending and innovation activities. Relying on geocoded survey panel … further find lagged negative effects on the (citation-weighted) number of filed patents. …

This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering … is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However …, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors …

.S. patents matched to corporate owners, we quantify how foreign competition affects domestic innovation. Rising import exposure …Manufacturing accounts for more than three-quarters of U.S. corporate patents. The competitive shock to this sector … emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U …

We study the evolution of patenting in China from 1985-2019. We use a Large Language Model to measure patent importance … based on patent abstracts and classify patent ownership using a comprehensive business registry. We highlight four insights …. First, average patent importance declined from 2000-2010 but has increased more recently. Second, private Chinese firms …

causality in dynamic panel data models incorporating unobserved heterogeneity. While Adams et al. tests reject the hypothesis of … no causality from wealth to husband's or wife's health, the tests in the dynamic panel data model do not provide evidence …