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@article{balasubramanian2011what,
Title = {What Happens When Firms Patent? New Evidence From U.S. Economic Census Data}, author = {Balasubramanian, Natarajan and Sivadasan, Jagadeesh}, journal = {The Review of Economics and Statistics}, volume = {93}, number = {1}, pages = {pp. 126-146}, abstract = {We build a new concordance between the NBER Patent Data and U.S. Census microdata and use it to examine what happens when firms patent. We find strong evidence that increases in patent stock are associated with increases in firm size, scope, and skill and capital intensity. We find somewhat weaker evidence that changes in patenting are positively correlated with changes in total factor productivity. We also analyze firsttime patentees and find similar effects following initial patent application. Together, these results suggest that patenting is indeed associated with real changes within firms, in particular with growth through increases in scope.}, year = {2011}, publisher = {The MIT Press}, copyright = {Copyright © 2011 The MIT Press},
abstract={We build a new concordance between the NBER Patent Data and U.S. Census microdata and use it to examine what happens when firms patent. We find strong evidence that increases in patent stock are associated with increases in firm size, scope, and skill and capital intensity. We find somewhat weaker evidence that changes in patenting are positively correlated with changes in total factor productivity. We also analyze firsttime patentees and find similar effects following initial patent application. Together, these results suggest that patenting is indeed associated with real changes within firms, in particular with growth through increases in scope.},
discipline={Econ},
industry={Manufacturing},
tags={Econometric data, manufacturing companies are better off when they patent vs. no patent},
filename={Balasubramanian Sivadasan (2011) - What Happens When Firms Patent.pdf}
}
industry={General},
tags={Theory proving that inclusion and unprotected publication is the optimal strategy for all firms. Cumulative innovation is the result},
filename={BarGill Parchomovsky (2003) - The Value Of Giving Away Secrets.pdf}
}
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