The Geography of Innovative Firms

Slashdot
By msmashJul 16, 2025, 3:30 pm105 pts
The abstract of a paper featured on NBER: Most U.S. innovation output originates from firms that operate R&D facilities across multiple local markets. We study how this geographic structure influences aggregate innovation and growth, and whether it is socially optimal. First, we develop an endogenous growth…

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