No inventor is an island: social connectedness and the geography of knowledge flows in the US
Andreas Diemer and
LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library
Do informal social ties connecting inventors across distant places promote knowledge flows between them? To measure informal ties, we use a new and direct index of social connectedness of regions based on aggregate Facebook friendships. We use a well-established identification strategy that relies on matching inventor citations with citations from examiners. Moreover, we isolate the specific effect of informal connections, above and beyond formal professional ties (co-inventor networks) and geographic proximity. We identify a significant and robust effect of informal ties on patent citation. Further, we find that the effect of geographic proximity on knowledge flows is entirely explained by informal social ties and professional networks. We also show that the effect of informal social ties on knowledge flows: has become increasingly important over the last two decades, is higher for older or `forgotten' patents, is more important for
Keywords: knowledge flows; diffusion; social connectedness; informal networks (search for similar items in EconPapers)
JEL-codes: O33 R12 Z13 (search for similar items in EconPapers)
Pages: 55 pages
New Economics Papers: this item is included in nep-soc, nep-tid and nep-ure
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Working Paper: No inventor is an island: social connectedness and the geography of knowledge flows in the US (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:108500
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