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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 CWP58/19

This paper examines the trends in geographic localization of knowledge spillovers via patent citations, extracting multiple cohorts of new sample US patents from the period of 1976-2015. Despite accelerating globalization and widespread per-ception of the “death of distance,” our matched-sample study reveals significant and growing localization effects of knowledge spillovers at both intra- and international levels after the 1980s. Increased localization effects have been accompanied by greater heterogeneity across states and industries. The results are robust to various methods of proxying the existing geography of knowledge production.

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