What happens when firms patent? New evidence from U.S. Economic census data

Natarajan Balasubramanian, Jagadeesh Sivadasan

Research output: Contribution to journalArticle

46 Scopus citations

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 first-time 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.

Original languageEnglish (US)
Pages (from-to)126-146
Number of pages21
JournalReview of Economics and Statistics
Volume93
Issue number1
DOIs
StatePublished - Feb 1 2011

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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