established knowledge. When recent advances create superior opportunities for invention, their adoption as research inputs in the … invention process promotes technological progress. The gains from pursuing such innovative research paths may, however, be very … the existing knowledge base. In this paper, we first develop a new approach to identifying research inputs in invention …

Previous studies have found large gender and racial differences in commercialization of invention. Using novel data … commercial activity related to invention are lower than once thought. This is despite relatively lower patent activity among …

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

knowledge is an input into internal invention, and thus, more valuable to firms with inventive capability. Using a simple model … of innovation and imitation, we explore how inventive capability affects a firm's R&D investments, and thus whether and … innovation and the division of innovative labor among US manufacturing firms, we find that high capability firms tend to use …

. Accordingly, this paper offers an empirical comparison of patents in relation to the award of prizes for technological innovation … unpredictable, and was unrelated to such proxies for the productivity of the innovation as inventive capital or the commercial … success of the invention. Prize-oriented institutions thus appear to be less systematic and not as market-oriented as patent …

An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with … of our new innovation-led endogenous growth model, in which innovations are produced by heterogeneous research teams of … model nests inside the innovation-based endogenous growth model. We estimate the model, which fits the data very closely …

technology in this way both stimulated specialization at invention and further enhanced the opportunities available to …