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Do Patents Weaken the Localization of Innovations? Evidence from World's Fairs

Year: 2011

Type: article

Abstract: This article takes advantage of an exogenous shift towards patenting in chemicals to test whether patents contribute to the geographic diffusion of innovations. Data on U.S. innovations that were exhibited at four world fairs between 1851 and 1915 suggest that innovative activity became less localized after patenting rates increased. These changes cannot be explained by changes in the localization of chemical production or economy-wide changes in the localization of innovations.

Source: The Journal of Economic History

DOI: 10.1017/s0022050711001562

Author: Petra Moser

Institutions: National Bureau of Economic Research, Stanford University

Language: English

Topic: Intellectual Property and Patents

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W3121320109

FWCI: 12.2

Cites: 72

Cited by: 94

Related to: 10