Abstract

https://ssrn.com/abstract=2896045
 


 



The Rise of American Ingenuity: Innovation and Inventors of the Golden Age


Ufuk Akcigit


University of Chicago - Department of Economics; National Bureau of Economic Research (NBER); Center for Economic and Policy Research (CEPR)

John Grigsby


University of Chicago

Tom Nicholas


Harvard University - Entrepreneurial Management Unit

January 2017

CEPR Discussion Paper No. DP11755

Abstract:     
We examine the golden age of US innovation by undertaking a major data collection exercise linking US patents to state and county-level aggregates and matching inventors to Federal Censuses between 1880 and 1940. We identify a causal relationship between patented inventions and long run economic growth and outline a basic framework for analyzing key macro and micro-level determinants. We explore drivers of regional performance including population density, financial development, geographic connectedness and social structure. We then profile the characteristics of inventors and their life cycle, measure the returns to technological development, and document the relationship between innovation, inequality and social mobility. Our new data help to address important questions related to innovation and long-run growth dynamics.

Number of Pages in PDF File: 88

Keywords: census, demographics, Earnings, growth, innovation, inventors, migration, patents

JEL Classification: N11, N12, O31, O40


Date posted: January 9, 2017  

Suggested Citation

Akcigit, Ufuk and Grigsby, John and Nicholas, Tom, The Rise of American Ingenuity: Innovation and Inventors of the Golden Age (January 2017). CEPR Discussion Paper No. DP11755. Available at SSRN: https://ssrn.com/abstract=2896045

Contact Information

Ufuk Akcigit (Contact Author)
University of Chicago - Department of Economics ( email )
1126 E. 59th St
Chicago, IL 60637
United States
HOME PAGE: http://www.ufukakcigit.com
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Center for Economic and Policy Research (CEPR) ( email )
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
John Grigsby
University of Chicago ( email )
Tom Nicholas
Harvard University - Entrepreneurial Management Unit ( email )
Cambridge, MA 02163
United States
Feedback to SSRN


Paper statistics
Abstract Views: 174
Downloads: 1