We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on … patent- level estimates of private economic value are positively related to the scientific value of these patents, as … measured by the number of citations that the patent receives in the future. Our new measure is associated with substantial …

quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating ….S. Patent Office since 2001, we find that startups that win the patent “lottery” by drawing lenient examiners have, on average …, 55% higher employment growth and 80% higher sales growth five years later. Patent winners also pursue more, and higher …

How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their …, where we merge: (i) firm-level balance sheet data; (ii) social security data on the universe of workers; (iii) patent data …

generating innovation and economic growth. In this chapter, we seek to offer some description of engineering work by looking in … detail at a specific manufacturing industry—firms that supply automakers—to gain insight into how engineers create innovation … engineers, making the auto supply chain an important context in which to study engineering and innovation.Some highlights from …

to the "Eco-Patent Commons", which provides royalty-free access to third parties to patented climate change related … investigate the motives of the contributing firms as well as the potential for such commons to encourage innovation and diffusion … knowledge management that combine open innovation and patenting …

innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

on patents as an incentive for innovation, the effectiveness of patents for invention disclosure, patent valuation, and … what we know about the design of patent systems. We also look at what is known about some current policy areas, including … software and business method patents, university patenting, and the growth in patent litigation …

person. This paper studies the role of short-term cross-border labor movements for innovation by estimating the recent impact … one fourth as potent for innovation as domestic R&D spending. We show that the technological knowledge of each business … traveler matters by estimating a higher impact for travelers that originate in U.S. states with substantial innovation, such as …

, beginning with a brief history of international patent systems and facts about the current use of patents around the world. I …I survey some recent research on the role of patents in encouraging innovation and growth in developing economies … discuss research on the implications of patents for international technology transfer and domestic innovation. This is …