Arora, Ashish; Ceccagnoli, Marco; Cohen, Wesley M. - National Bureau of Economic Research (NBER) - 2003
We analyze the effect of patenting on R&D with a model linking a firm's R&D effort with its decision to patent, recognizing that R&D and patenting affect one another and are both driven by many of the same factors. Using survey data for the U.S. manufacturing sector, we estimate the increment to...