disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding …

The effect of financial crises on innovation is an unsettled and important question for economic growth, but one … that local distress caused a sudden and persistent decline in patenting by the largest organizational form of innovation at …. Despite this, we find that innovation during crises can be more resilient than it may appear at first glance. First, there is …

The effect of financial crises on innovation is an unsettled and important question for economic growth, but one … organizational form of innovation at this time—technological entrepreneurs, who are inventors operating outside firms. Parallel … that innovation during crises can be more resilient than it may appear at first glance. First, there is no observable …

from innovation. In this paper, we revisit that question using a nationally representative sample of firms over the period … of the economics of innovation. There are five main findings. First, while patenting firms are relatively uncommon in the … differences in the type of R&D or innovation produced by a firm. We also discuss the implications of these findings for innovation …

and innovation highly cumulative. Opponents suggest the same reforms have weakened intellectual property rights and … curtailed innovation. After reviewing the legal background and relevant economic theory, we examine patenting, R&D spending … in patent policy have harmed the American innovation system …