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Invention Value, Inventive Capability and the Large Firm Advantage
Arora, Ashish; Cohen, Wesley M.; Lee, Honggi; … - National Bureau of Economic Research - 2022
Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...
Persistent link: https://www.econbiz.de/10013362008
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Implications for Energy Innovation from the chemical industry
Arora, Ashish; Gambardella, Alfonso - National Bureau of Economic Research (NBER) - 2010
The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this … chapter, we begin by laying out the early history of the chemical industry for an overview of the role innovation has played … coal to oil, and briefly analyze two government programs that have attempted to promote innovation: synthetic rubber and …
Persistent link: https://www.econbiz.de/10008631696
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Going Soft: How the Rise of Software Based Innovation Led to the Decline of Japan's IT Industry and the Resurgence of Silicon Valley
Arora, Ashish; Branstetter, Lee G.; Drev, Matej - National Bureau of Economic Research (NBER) - 2010
This paper documents a shift in the nature of innovation in the information technology (IT) industry. Using … comprehensive data on all IT patents granted by the USPTO from 1980-2002, we find strong evidence of a change in IT innovation that … is systematic, substantial, and increasingly dependent on software. This change in the nature of IT innovation has had …
Persistent link: https://www.econbiz.de/10008624577
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The Changing Structure of American Innovation : Some Cautionary Remarks for Economic Growth
Arora, Ashish - 2019
major changes in the American innovation ecosystem over the past century. The past three decades have been marked by a …
Persistent link: https://www.econbiz.de/10012479842
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Inventive Capabilities in the Division of Innovative Labor
Arora, Ashish - 2018
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 …
Persistent link: https://www.econbiz.de/10012480704
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First-mover Advantage and the Private Value of Public Science
Arora, Ashish; Belenzon, Sharon; Dionisi, Bernardo - National Bureau of Economic Research - 2021
Technical progress increasingly relies on the use of scientific knowledge. But if much of this knowledge is in the public domain, can it be a source of private value? We find that average private returns to using public science are small, especially in crowded technical fields, consistent with...
Persistent link: https://www.econbiz.de/10012496086
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The Acquisition and Commercialization of Invention in American Manufacturing: Incidence and Impact
Arora, Ashish; Cohen, Wesley M.; Walsh, John P. - National Bureau of Economic Research (NBER) - 2014
, suppliers and technology specialists. We also estimate the contribution of each source to innovation in the US economy. Although … rate of innovation in the economy. Indeed, results from a multinomial logit model suggest that, were the outside … availability of innovation to be removed, the percentage of innovating firms in the U.S. manufacturing sector would drop from 18 …
Persistent link: https://www.econbiz.de/10010951285
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R&D and the Patent Premium
Arora, Ashish; Ceccagnoli, Marco; Cohen, Wesley M. - National Bureau of Economic Research (NBER) - 2003
.S. manufacturing sector, we estimate the increment to the value of an innovation realized by patenting it, and then analyze the effect …
Persistent link: https://www.econbiz.de/10005055430
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Killing the Golden Goose? The Decline of Science in Corporate R&D
Arora, Ashish; Belenzon, Sharon; Patacconi, Andrea - National Bureau of Economic Research (NBER) - 2015
Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research … to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations … innovation. Large firms appear to value the golden eggs of science (as reflected in patents) but not the golden goose itself (the …
Persistent link: https://www.econbiz.de/10011159880
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Implications for Energy Innovation from the chemical industry
Arora, Ashish - 2010
The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this … chapter, we begin by laying out the early history of the chemical industry for an overview of the role innovation has played … coal to oil, and briefly analyze two government programs that have attempted to promote innovation: synthetic rubber and …
Persistent link: https://www.econbiz.de/10012462976