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Stars and Comets: An Exploration of the Patent Universe

Carlo Menon ()

SERC Discussion Papers from Centre for Economic Performance, LSE

Abstract: The analysis of patent and citation data has become a popular source of evidence on localizedknowledge spillovers and innovation. Nevertheless, an aspect has been overlooked: the patentdistribution across inventors is extremely skewed, as many inventors register one or a fewpatents, while a small number of inventors register many patents. To our knowledge, theprevious empirical literature has not discussed the different kinds of local innovation fromwhich patents may originate. A first contribution of this paper is therefore to document theissue. A second contribution is to investigate whether patents originating from differentscales of innovation are located in different cities. A third contribution - which constitutes themain scope of the paper - is to test whether the concentration of the activity of star inventorsis beneficial to the local productivity of other kinds of innovation - namely the ones led bymore occasional, and less prolific, inventors.

Keywords: localized knowledge spillovers; patents; innovation (search for similar items in EconPapers)
JEL-codes: O31 R10 (search for similar items in EconPapers)
Date: 2009-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Working Paper: Stars and comets: an exploration of the patent universe (2011) Downloads
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