Patents and productivity growth at the industry level: A first look

Saul Lach*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

52 Scopus citations

Abstract

We use new data on patent counts to estimate the contribution of knowledge to productivity change at the industry level. The estimated output elasticity of knowledge is around 0.30; three to four times larger than that obtained when knowledge is measured by the R&D stock.

Original languageAmerican English
Pages (from-to)101-108
Number of pages8
JournalEconomics Letters
Volume49
Issue number1
DOIs
StatePublished - Jul 1995

Keywords

  • Industry level
  • Patents
  • Productivity

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