|This centre is a member of The LSE Research Laboratory [RLAB]: CASE | CVER | CEP | FMG | SERC | STICERD||Cookies?|
Paper No' CEPCP240: Full paper
Save Reference as: BibTeX File | EndNote Import File
Is hard copy/paper copy available? YES - Paper Copy Still In Print.
This Paper is published under the following series: CentrePiece Magazine
Share: Google Bookmarks | Facebook | Twitter
Abstract:Economists have long been sceptical of claims about the 'death of distance' - the idea that new technology has diminished the significance of geography for economic outcomes. Research by Sokbae Lee, Rachel Griffith and John Van Reenen, which looks at patent citations over a quarter of a century, finds the first hard evidence that distance is indeed becoming less important.
Their study finds that measured by the relative speed of patent citations over time, the flow of ideas between countries is getting quicker. If new ideas are benefiting other countries more quickly, it may make less sense to subsidise corporate R&D.
CentrePiece 12 (3) Winter 2008 pages: 6-10
This article summarises Is Distance Dying at Last? Falling Home Bias in Fixed Effects Models of Patent Citations by Rachel Griffith, Sokbae Lee and John Van Reenen, CEP Discussion Paper No. 818
Copyright © CEP & LSE 2003 - 2015 | LSE, Houghton Street, London WC2A 2AE | Tel: +44(0)20 7955 7673 | Email: firstname.lastname@example.org | Site updated 29 May 2015