Abstract
Using patent citation data for the U.S., we test whether knowledge spillovers in biotechnology are sensitive to distance, and whether that sensitivity has changed over time. Controlling for self-citation by inventor, assignee, and examiner, cohort-based regression analysis shows that physical distance is becoming less important for spillovers with time.
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Johnson, D.K.N., Lybecker, K.M. Does Distance Matter Less Now? The Changing Role of Geography in Biotechnology Innovation. Rev Ind Organ 40, 21–35 (2012). https://doi.org/10.1007/s11151-011-9316-6
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DOI: https://doi.org/10.1007/s11151-011-9316-6