Technology Spillovers from the Final Frontier: A Long-Run View of U.S. Space Innovation

Luisa Corrado (), Stefano Grassi () and Aldo Paolillo ()
Additional contact information
Luisa Corrado: DEF and CEIS, Università di Roma "Tor Vergata", http://www.ceistorvergata.it
Stefano Grassi: DEF and CEIS, Università di Roma "Tor Vergata", http://www.ceistorvergata.it
Aldo Paolillo: Università di Roma "Tor Vergata", http://www.ceistorvergata.it

No 609, CEIS Research Paper from Tor Vergata University, CEIS

Abstract: Recent studies suggest that space activities generate significant economic benefits. This paper attempts to quantify these effects by modeling both business cycle and long-run effects driven by space sector activities. We develop a model in which technologies are shaped by both a dedicated R&D sector and spillovers from space-sector innovations. Using U.S. data from the 1960s to the present day, we analyze patent grants to distinguish between space and core sector technologies. By leveraging the network of patent citations, we further examine the evolving dependence between space and core technologies over time. Our findings highlight the positive impact of the aerospace sector on technological innovation and economic growth, particularly during the 1960s and 1970s.

Keywords: Aerospace; Space Economy; Growth (search for similar items in EconPapers)
JEL-codes: A1 C5 E00 O10 (search for similar items in EconPapers)
Pages: 64 pages
Date: 2025-08-07, Revised 2025-08-07
New Economics Papers: this item is included in nep-cse, nep-gro, nep-his, nep-ino, nep-sbm and nep-tid
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ceistorvergata.it/RePEc/rpaper/RP609.pdf Main text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rtv:ceisrp:609

Ordering information: This working paper can be ordered from
CEIS - Centre for Economic and International Studies - Faculty of Economics - University of Rome "Tor Vergata" - Via Columbia, 2 00133 Roma
https://ceistorvergata.it

Access Statistics for this paper

More papers in CEIS Research Paper from Tor Vergata University, CEIS CEIS - Centre for Economic and International Studies - Faculty of Economics - University of Rome "Tor Vergata" - Via Columbia, 2 00133 Roma. Contact information at EDIRC.
Bibliographic data for series maintained by Barbara Piazzi ().