We discuss recent work evaluating the role of the government in shaping the economy
during the long nineteenth century, a practice we refer to as industrial policy. States …

This chapter reviews the growing literature on the “market for technology,” a broad term that
denotes trade in technology disembodied from physical goods. The market for technology …

ECONOMISTS HOLD startlingly different opinions regarding the importance of the financial
system for economic growth. Walter Bagehot (1873) and John Hicks (1969) argue that it …

The growth of technological and scientific knowledge in the past two centuries has been the
overriding dynamic element in the economic and social history of the world. Its result is now …

Rigby DL Technological relatedness and knowledge space: entry and exit of US cities from
patent classes, Regional Studies. US patent and citation data are used to measure …

In recent years, business leaders, policymakers, and inventors have complained to the
media and to Congress that today's patent system stifles innovation instead of fostering it …

The accumulation of knowledge is a key driver of technological change and economic
growth. Significant attention has been directed to the processes of knowledge production in …

This paper considers the impact of the intellectual property (IP) system on the timing of
cooperation/licensing by start-up technology entrepreneurs. If the market for technology …

We provide the first large-sample evidence on the behavior and impact of nonpracticing
entities (NPEs) in the intellectual property space. We find that, on average, NPEs appear to …

This paper argues that what Robert Allen has termed collective invention settings (that is,
settings in which competing firms share technological knowledge) were a crucial source of …