Cross-Border Institutions and the Globalization of Innovation

Arbeitspapier

We identify strong cross-border institutions as a driver for the globalization of in-novation. Using 67 million patents from over 100 patent offices, we introduce novel measures of innovation diffusion and collaboration. Exploiting staggered bilateral in-vestment treaties as shocks to cross-border property rights and contract enforcement, we show that signatory countries increase technology adoption and sourcing from each other. They also increase R&D collaborations. These interactions result in techno-logical convergence. The effects are particularly strong for process innovation, and for countries that are technological laggards or have weak domestic institutions. Increased inter-firm rather than intra-firm foreign investment is the key channel.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: LawFin Working Paper ; No. 23

Klassifikation und Themen

• Klassifikation: Wirtschaft ; International Investment; Long-term Capital Movements ; Economic Impacts of Globalization: Microeconomic Impacts ; General Financial Markets: Government Policy and Regulation ; Corporate Finance and Governance: Government Policy and Regulation ; International Law ; Innovation and Invention: Processes and Incentives ; Technological Change: Choices and Consequences; Diffusion Processes
• Thema: Innovation ; technology diffusion ; globalization ; cross-border institutions ; bilateral investment treaties

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Bian, Bo ; Meier, Jean-Marie ; Xu, Ting
• Ereignis: Veröffentlichung
• (wer): Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin)
• (wo): Frankfurt a. M.
• (wann): 2021

Weitere Informationen

• DOI: doi:10.2139/ssrn.3503092
• Handle: http://hdl.handle.net/10419/244703
• URN: urn:nbn:de:hebis:30:3-616639
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ