analysis, the slowdown in innovation activity has a clear temporal connection with the later slowdown in productivity in the …In this paper, we shed new light on the productivity impact of breakthrough patents, as well as their role in the … variability of productivity across countries. We use text analysis and machine learning-based estimates of the number of …

increased R&D productivity. In numerous contexts, especially when marginal production costs are low, such as for medications or … else equal — this product will tend to take a dominant position. Using a simple two-stage model of innovation and … patent protection (for the best product) provides strong innovation incentives, leading to better performing products than a …