Year: 2007
Type: report
Abstract: We examine the home bias of international knowledge spillovers as measured by the speed of patent citations (i.e.knowledge spreads slowly over international boundaries).We present the first compelling econometric evidence that the geographical localization of knowledge spillovers has fallen over time, as we would expect from the dramatic fall in communication and travel costs.Our proposed estimator controls for correlated fixed effects and censoring in duration models and we apply it to data on over two million citations between 1975 and 1999.Home bias declines substantially when we control for fixed effects: there is practically no home bias for the more modern sectors such as pharmaceuticals and information/communication technologies.
DOI: 10.3386/w13338
Authors: Rachel Griffith, Sokbae Lee, John Van Reenen
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: green
Award: G796250797
OpenAlex ID: W1526802265