Stars and Comets: An Exploration of the Patents Universe

30 Pages Posted: 25 Jun 2009 Last revised: 18 Oct 2013

See all articles by Carlo Menon

Carlo Menon

Organization for Economic Co-Operation and Development (OECD) - Directorate for Science, Technology and Industry (STI); Bank of Italy

Date Written: February 1, 2011

Abstract

The analysis of patent and citation data has become a popular source of evidence on localized knowledge spillovers and innovation. Nevertheless, one aspect has been overlooked: the patent distribution across inventors is extremely skewed, as many inventors - the comets - register one or few patents, while a small number of inventors - the stars - register many patents. This raises a number of questions relating to the geography of innovation: do different categories of inventors interact with the local economic environment in the same way? Are they equally distributed over space or do they tend to concentrate? Is spatial proximity bene…cial for their activity? Using a rich database on US inventors, we provide evidence suggesting that the two categories of patents are associated with different kinds of cities. We then test whether the activity of stars is bene…cial for local comets, …finding that a 10% increase in the number of patents authored by star inventors leads approximately to a 1% increase in the number of patents developed by comet inventors.

Keywords: localized knowledge spillovers, patents, innovation

JEL Classification: R10, O31

Suggested Citation

Menon, Carlo, Stars and Comets: An Exploration of the Patents Universe (February 1, 2011). Available at SSRN: https://ssrn.com/abstract=1425608 or http://dx.doi.org/10.2139/ssrn.1425608

Carlo Menon (Contact Author)

Organization for Economic Co-Operation and Development (OECD) - Directorate for Science, Technology and Industry (STI) ( email )

Paris
France

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

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