Technological Innovation, Resource Allocation, and Growth
We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on patents issued to U.S. firms in the 1926 to 2010 period, combined with the stock market response to news about patents. Our patent-level estimates of private economic value are positively...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Oxford University Press (OUP),
2019-02-22T16:19:54Z.
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| Subjects: | |
| Online Access: | Get fulltext |