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Home Publications Knowledge spillovers and patent citations: trends in geographic localization, 1976-2015

Knowledge spillovers and patent citations: trends in geographic localization, 1976-2015

Hyuk-Soo Kwon, Jihong Lee, Sokbae (Simon) Lee and Ryungha Oh
Cemmap Working Paper CWP55/17

This paper examines the trends in geographic localization of knowledge spillovers via patent citations, considering US patents from the period of 1976-2015. Despite accelerating globalization and widespread  perception of the "death of distance," our multi-cohort "matched-sample" study reveals signi cant and growing localization effects of knowledge spillovers at both intra- and international levels after the 1980s. We also develop a novel network index based on the notion of "farness," which an instrumental variable estimation shows to be a signifi cant and sizable determinant of the observed trends at the state-sector level.