Dynamics of Knowledge Spillovers from Patents to Entrepreneurship: Evidence Across Entrepreneurship Types

16 Pages Posted: 28 Aug 2017

See all articles by Rajeev K. Goel

Rajeev K. Goel

Illinois State University - Department of Economics

James W. Saunoris

Eastern Michigan University

Date Written: October 2017

Abstract

Using data across U.S. states over a recent decade, this paper uniquely uses three qualitatively different measures of entrepreneurship to examine the knowledge flows from patents, paying attention to the dynamic nature of such influences. We find that there are significant variations in the effects of knowledge flows across entrepreneurship types and, in general, these effects are not immediate. The greatest positive effect of knowledge spillovers is on startup entrepreneurship and the resulting magnitude grows somewhat over time. The spillovers are modest on overall entrepreneurship, while entrepreneurs who were previously employed see more immediate benefits. These findings are generally robust.

JEL Classification: L26, O33, O51, M21

Suggested Citation

Goel, Rajeev K. and Saunoris, James W., Dynamics of Knowledge Spillovers from Patents to Entrepreneurship: Evidence Across Entrepreneurship Types (October 2017). Contemporary Economic Policy, Vol. 35, Issue 4, pp. 700-715, 2017. Available at SSRN: https://ssrn.com/abstract=3026729 or http://dx.doi.org/10.1111/coep.12224

Rajeev K. Goel (Contact Author)

Illinois State University - Department of Economics ( email )

Normal, IL 61790-4200
United States

James W. Saunoris

Eastern Michigan University ( email )

Eastern Michigan University
Ypsilanti, MI 48197
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
0
Abstract Views
93
PlumX Metrics