Lockdowns and Innovation: Evidence from the 1918 Flu Pandemic

Enrico Berkes, Olivier Deschenes, Ruben Gaetani, Jeffrey Lin and Christopher Severen

No 28152, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Does social distancing harm innovation? We estimate the effect of non-pharmaceutical interventions (NPIs)—policies that restrict interactions in an attempt to slow the spread of disease—on local invention. We construct a panel of issued patents and NPIs adopted by 50 large US cities during the 1918 flu pandemic. Difference-in-differences estimates show that cities adopting longer NPIs did not experience a decline in patenting during the pandemic relative to short-NPI cities, and recorded higher patenting afterward. Rather than reduce local invention by restricting localized knowledge spillovers, NPIs adopted during the pandemic may have better preserved other inventive factors.

JEL-codes: N92 O31 R11 (search for similar items in EconPapers)
Date: 2020-11
New Economics Papers: this item is included in nep-geo, nep-his, nep-ino, nep-tid and nep-ure
Note: DAE PE PR
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Working Paper: Lockdowns and Innovation: Evidence from the 1918 Flu Pandemic (2020)
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