COVID-19, innovative firms and resilience /
This paper explores the empirical association between patents and various indicators of firm resilience during the COVID-19 pandemic with worldwide firm-level data from manufacturing industries. The study shows that patent-intensive firms have a reduced probability of exit, in particular if they are...
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| Main Authors: | , , |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Geneva, Switzerland :
World Intellectual Property Organization,
2023.
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| Series: | Economic research working paper (World Intellectual Property Organization) ;
No. 73. |
| Subjects: | |
| Online Access: | EBSCOhost |
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| Summary: | This paper explores the empirical association between patents and various indicators of firm resilience during the COVID-19 pandemic with worldwide firm-level data from manufacturing industries. The study shows that patent-intensive firms have a reduced probability of exit, in particular if they are larger and if engaging with complementary investments in R&D and other intangibles. Additional estimates show that firm productivity has been an important transmission channel. Taken together, the results presented in the paper offer evidence-based findings pointing to patents as an important potential factor contributing to firm resilience during the COVID-19 pandemic. Policy insights are discussed. |
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| Physical Description: | 1 online resource. |
| Access: | Open Access |