Is distance dying at last? Falling home bias in fixed-effects models of patent citations

Quantitative Economics

Volumn 2, Issue 2, 2011, Pages 211-249

  Griffith, Rachel ^a   Lee, Sokbae ^b   Van Reenen, John ^c  

^a INSTITUTE FOR FISCAL STUDIES   (United Kingdom)

^b Seoul National University   (South Korea)

^c LONDON SCHOOL OF ECONOMICS   (United Kingdom)

Author keywords

Fixed effects; Home bias; Knowledge spillovers; Patent citations

Indexed keywords

EID: 84861822492     PISSN: 17597323     EISSN: 17597331     Source Type: Journal    
DOI: 10.3982/QE59     Document Type: Article

References (48)

1. van Ark, B., M. O'Mahony, and M. Timmer (2008), "The productivity gap between Europe and the United States: Trends and causes. Journal of Economic Perspectives, 22 (1), 25-44. DOI: 10.1257/jep.22.1.25
2. Arora, A., R. Landau, and N. Rosenberg (1999), "Dynamics of comparative advantage in chemical industry." In Sources of Industrial Leadership: Studies in Seven Industries (D. Mowery and R. Nelson, eds.), Chapter 6, Cambridge University Press, Cambridge, U.K.
3. Belenzon, S. and J. Van Reenen (2007), "How international citation propensities have changed over time: Has America become better at absorbing knowledge?" Mimeo, Centre for Economic Performance, London School of Economics
4. Bernstein, J. and P. Mohnen (1998), "International R&D spillovers between US and Japanese R&D intensive sectors. Journal of International Economics, 44, 315-338. DOI: 10.1016/S0022-1996(97)00026-3
5. Bloom, N. and J. Van Reenen (2002), "Real options, patents, productivity and market value: Evidence from a panel of British firms. Economic Journal, 112 (478), C97-C116. DOI: 10.1111/1468-0297.00022
6. Branstetter, L. (2001), "Are knowledge spillovers international or intranational in scope? Microeconometric evidence from the U.S. and Japan. Journal of International Economics, 53, 53-79. DOI: 10.1016/S0022-1996(00)00068-4
7. Branstetter, L. and M. Sakakibara (2002), "When do research consortia work well and why? Evidence from Japanese panel data. American Economic Review, 92 (1), 143-159. DOI: 10.1257/000282802760015649
8. Cabellero, R. and A. Jaffe (1993), "How high are the giants' shoulders: An empirical assessment of knowledge spillovers and creative destruction in a model of economic growth. NBER Macroeconomics Annual, 1-64.
9. Cairncross, F. (1997), The Death of Distance: How the Communications Revolution Will Change Our Lives. Harvard Business School Press, Harvard
10. Chamberlain, G. (1980), "Analysis of covariance with qualitative data. Review of Economic Studies, 47, 225-238. DOI: 10.2307/2297110
11. Chamberlain, G. (1985), "Heterogeneity, omitted variable bias, and duration dependence." In Longitudinal Analysis of Labor Market Data (J. J. Heckman and B. Singer, eds.), Cambridge University Press, Cambridge
12. Coe, D. and E. Helpman (1995), "International R&D Spillovers. European Economic Review, 39, 859-887. DOI: 10.1016/0014-2921(94)00100-E
13. Coyle, D. (1997), Weightless World. Princeton University Press, Princeton
14. Disdier, A.-C. and K. Head (2008), "The puzzling persistence of the distance effect on bilateral trade. Review of Economics and Statistics, 90 (1), 37-418. DOI: 10.1162/rest.90.1.37
15. Evans, C. and J. Harrigan (2005), "Distance, time and specialization: Lean retailing in general equilibrium. American Economic Review, 95, 292-313. DOI: 10.1257/0002828053828590
16. Friedman, T. (2005), The World Is Flat. Farrar, Strauss and Giroux, New York
17. Griffith, R., R. Harrison, and J. Van Reenen (2006), "How special is the special relationship? Using the impact of US R&D spillovers on UK firms as a test of technology sourcing. American Economic Review, 96 (5), 1859-1875. DOI: 10.1257/aer.96.5.1859
18. Griffith, R., S. Redding, and J. Van Reenen (2004), "Mapping the two faces of R&D. Review of Economics and Statistics, 86 (4), 883-895. DOI: 10.1162/0034653043125194
19. Griliches, Z. (1992), "The search for R&D spillovers. Scandinavian Journal of Economics, 94, S29-S47. DOI: 10.2307/3440244
20. Gyourko, J., C. Mayer, and T. Sinai (2006), "Superstar cities." Working Paper 12355, NBER.
21. Hall, B., A. Jaffe, and M. Trajtenberg (2001), "The NBER patent citation data file: Lessons, insights and methodological tools." Working Paper 8498, NBER, see also http://www.nber.org/patents/.
22. Hall, B., A. Jaffe, and M. Trajtenberg (2005), "Market value and patent citations: A first look. RAND Journal of Economics, 36, 16-38.
23. Head, K., T. Mayer, and J. Ries (2007), "How remote is the offshoring threat?" Mimeo, University of Toronto
24. Henderson, R., A. Jaffe, and M. Trajtenberg (2005), "Patent citations and the geography of spillovers: A reassessment-comment. American Economic Review, 95 (1), 461-464. DOI: 10.1257/0002828053828644
25. Horowitz, J. L. and S. Lee (2004), "Semiparametric estimation of a panel data proportional hazards model with fixed effects. Journal of Econometrics, 119, 155-198. DOI: 10.1016/S0304-4076(03)00203-3
26. Jaffe, A. B. (1986), "Technological opportunity and spillovers of R&D: Evidence from firms' patents, profits, and market value. American Economic Review, 76 (5), 984-1001.
27. Jaffe, A. and J. Lerner (2004), Innovation and Its Discontents: How Our Broken Patent System Is Endangering Innovation and Progress, and What to Do About It. Princeton University Press, Princeton
28. Jaffe, A. and M. Trajtenberg (1999), "International knowledge flows: Evidence from patent citations. Economics of Innovation and New Technology, 8 (1-2), 105-136. DOI: 10.1080/10438599900000006
29. Jaffe, A. and M. Trajtenberg (2002), Patents, Citations and Innovation: A Window on the Knowledge Economy. MIT Press, Cambridge
30. Jaffe, A., M. Trajtenberg, and R. Henderson (1993), "Geographic localization of knowledge spillovers as evidenced by patent citations. Quarterly Journal of Economics, 108 (3), 577-598. DOI: 10.2307/2118401
31. Jorgenson, D. (2001), "Information technology and the U.S. economy. American Economic Review, 91 (1), 1-32. DOI: 10.1257/aer.91.1.1
32. Keller, W. (1998), "Are international spillovers trade related? Analyzing spillovers among randomly attached trade partners. European Economic Review, 42, 1469-1481. DOI: 10.1016/S0014-2921(97)00092-5
33. Keller, W. (2002), "Geographic localization of international technology diffusion. American Economic Review, 92 (1), 120-142. DOI: 10.1257/000282802760015630
34. Khan, S. and E. Tamer (2010), "Irregular identification, support conditions, and inverse weight estimation. Econometrica, 78, 2021-2042. DOI: 10.3982/ECTA7372
35. Kim, E. H., A. Morse, and L. Zingales (2006), "Are elite universities losing their competitive edge?" Working Paper 12245, NBER.
36. Kortum, S. and J. Lerner (1999), "What is behind the recent surge in patenting? Research Policy, 28 (1), 1-22. DOI: 10.1016/S0048-7333(98)00082-1
37. Leamer, E. (2007), "A flat world, a level playing field, a small world or none of the above? Journal of Economic Literature, XLV (1), 83-126. DOI: 10.1257/jel.45.1.83
38. Lee, S. (2008), "Estimating panel data duration models with censored data. Econometric Theory, 24, 1254-1276. DOI: 10.1017/S0266466608080493
39. Marshall, A. (1890), Principles of Economics. Macmillan, London
40. Moretti, E. (2010), "Real wage inequality." Discussion Paper 3706, IZA. Available at http://emlab.berkeley.edu/~moretti/inequality.pdf.
41. Pakes, A. (1986), "Patents as options: Some estimates of the value of holding European Patent stocks. Econometrica, 54 (4), 755-784. DOI: 10.2307/1912835
42. Peri, G. (2005), "Determinants of knowledge flows and the effect on innovation. Review of Economics and Statistics, 87 (2), 308-322. DOI: 10.1162/0034653053970258
43. Redding, S. (2009), "Economic geography: A review of the theoretical and empirical literature." Discussion Paper 904, Centre for Economic Performance
44. Ridder, G. and I. Tunali (1999), "Stratified partial likelihood estimation. Journal of Econometrics, 92, 193-232. DOI: 10.1016/S0304-4076(98)00090-6
45. Thompson, P. (2006), "Patent citations and the geography of knowledge spillovers: Evidence from inventor- and examiner-added citations. Review of Economics and Statistics, 88 (2), 383-388. DOI: 10.1162/rest.88.2.383
46. Thompson, P. and M. Fox-Kean (2005), "Patent citations and the geography of knowledge spillovers: A re-assessment. American Economic Review, 95 (1), 450-460. DOI: 10.1257/0002828053828509
47. Wooldridge, J. M. (2007), "Inverse probability weighted estimation for general missing data problems. Journal of Econometrics, 141 (2), 1281-1301. DOI: 10.1016/j.jeconom.2007.02.002
48. Zucker, L., M. Darby, and M. Brewer (1998), "Intellectual property and the birth of US biotechnology enterprises. American Economic Review, 88 (1), 290-306.