Research
papers and presentations
Bronwyn
H. Hall,
Below is
a complete list of my publications and working papers by topic. Many of these
papers and handouts are downloadable in PDF format. You will need Acrobat reader
to view them. Papers that have been published are not downloadable due to
copyright restrictions.
New
Postings
Patents and Patent Policy
Panel Data Econometrics
Market Value of Innovation
Public-Private Innovation Interface
R&D Investment; R&D Policy
Mergers, Corporate Restructuring and R&D
Diffusion
Reports
and data documentation
Discussion and comments
“Issues in assessing the
scientific and creative commons,” presentation to the International Communia
Conference on Public Domain in the Digital Age, Louvain-la-Neuve, Belgium, June 30,
2008.
Opening statement, Druid debate on
the use of patent data, 25th Anniversary DRUID Conference,
“Which firms participate in open
source development?: a study using data from Debian,” presentation to
the DIME-DRUID Fundamental,
“Policy for innovation:
insights from economic research,” presentation to VINNOVA,
“Patent value” and “Patents and technology
development,” lectures for WIPO,
New Postings since 1
Sept 2007
“Evaluating the Impact of
Technology Development Funds in Emerging Economies: Evidence from Latin America,”
with Alessandro Maffioli, Inter-American Development Bank, Washington, DC,
December 2007, revised February 2008, NBER
Working Paper No. 13835. Slides from the
presentation at GRIPS,
“Patents and Patent Policy,”
Revised December 2007, draft for Oxford
Review of Economic Policy.
“Measuring the Returns to R&D: The
Depreciation Problem,” NBER Working Paper No. 13473 (September 2007),
revised version of “R&D,
Productivity, and Market Value,” paper presented at the International
Conference in memory of Zvi Griliches, Paris, August 2003. slides from invited lecture to the International
Schumpeter Society Meeting in
“The Market Value of Patents and
R&D: Evidence from European firms,” with Grid Thoma, Univesity of
Camerino and CESPRI, Bocconi University and Salvatore Torrisi, Bologna
University and CESPRI, Bocconi University. October 2006, revised August 2007,
NBER Working Paper No. 13426. VOX EU column, December
2007.
Patents
and Patent Policy
“The Private Value of Software Patents,”
with Megan MacGarvie, April 2007, revised version of NBER Working Paper No.
w12195 (April 2006).
“An Empirical Analysis of
Patent Litigation in the Semiconductor Industry,” with Rosemarie
Ziedonis, paper presented to the AEA annual meeting,
“Patents,” final version of
article for the New Palgrave
Dictionary of Economics, edited by L. Blume and S. Durlauf, September 2006.
“Issues in and Possible Reforms of the U.
S. Patent System,” presentation to the Cooperative Symposium on 21st
Century Innovation Systems for
“Uncovering GPTs using Patent Data,”
with Manuel Trajtenberg, in Antonelli, Foray, Hall, and Steinmueller, Festschrift
in Honor of Paul A. David, Edward Elgar, 2005. (Paper prepared for
presentation at a conference honoring Paul A. David, May 20-21, 2000,
“Patent Data as Indicators,” presentation
to the WIPO Conference on Patent Statistics,
“Exploring the Patent Explosion,”
June 2004 revision of an invited lecture, ZEW Workshop on Empirical Economics
of Innovation and Patenting, Mannheim, Germany, March 14/15, 2003, Journal
of Technology Transfer 30 (2005): 35-48. Updated slides from presentations
at UC Berkeley, Stanford, and EUI Florence, November 2004.
“Post-Grant Patent Reviews - Design Choices
and Expected Impact,” with Dietmar Harhoff, Berkeley Law and
Technology Review, forthcoming 2004. Slides from presentation to the
Conference on Patent Reform,
“Business Method Patents, Innovation,
and Policy,” presentation to the Financial Markets Conference of the Atlanta
Federal Reserve Bank, Sea Island, Georgia, April 3-5, 2003, the EPIP conference
on New Challenges to the Patent System, EPO, Munich, Germany, April 24-25,
2003, and the International Summer School on IPRs, Innovation and Competition,
Siena, 2004. Slides from EPIP
presentation. Slides from Siena
presentation.
“Prospects for Improving U.S. Patent
Quality via Post-Grant Opposition,” with Stuart J. H. Graham, Dietmar
Harhoff, and David C. Mowery, paper prepared for the NBER Conference in
Innovation Policy and the Economy,
“Intellectual Property
Strategy in the Global Cosmetics Industry: A Soap Opera,” with
Dietmar Harhoff, slides
from presentations to the NBER Summer Institute, a CEPR/WZB Conference,
October 24/25, 2002, Berlin, and the CEPR/IFS conference on innovation and
product market strategy, November 23/24, 2002, London.
“Current Issues and Trends in the Economics
of Patents,” slides from a lecture to the ESSID Summer School in
Industrial Dynamics, Cargese,
Testimony to the Federal Trade Commission/Department
of Justice (Antitrust Division) Hearings on Competition and Intellectual
Property Law in the Knowledge-Based Economy, February 26, 2002, Berkeley,
California. Slides.
“Patent Quality Control: A Comparison of U.S.
Patent Re-examinations and European Patent Opposition,“ with Stuart
J. H. Graham, Dietmar Harhoff, and David C. Mowery. NBER Working Paper No.
8807, revised November 2002. [Slides from earlier
presentations to the Intellectual Property Seminar,
“On Copyright and Patent Protection for Software
and Databases: A Tale of Two Worlds,” presented at the ESF-IIASA-NSF
Science Policy Workshop on Digital Collaboration Technologies,
“The NBER Patent Citations
Data File: Lessons, Insights, and Methodological Tools,” with Adam
Jaffe and Manuel Trajtenberg. NBER Working Paper No. 8498 (October 2001).
“The Global Nature of IP
Protection: Discussion,” in Intellectual
Property and Innovation in the Knowledge-Based Economy,
“The Determinants of Patenting in the
U.S. Semiconductor Industry, 1980-1994,” with Rosemarie Ham Ziedonis.
Rand Journal of Economics 32 (2001): 101-128.
“Intellectual Property Protection
for Software and Databases,” slides from presentation to the
Conference on Technology Policy and Innovation,
“The Effects of Strengthening Patent
Rights on Firms Engaged in Cumulative Innovation: Insights from the
Semiconductor Industry,” with Rose Marie Ham Ziedonis, in Libecap,
Gary (ed.), Entrepreneurial Inputs and Outcomes: New Studies of
Entrepreneurship in the United States, Vol. 13 of Advances in the Study
of Entrepreneurship, Innovation, and Economic Growth, Amsterdam: Elsevier
Science, 2001. Slides
from NRC Conference on IPR, February 2000.
“Fishing Out or Crowding Out?: An Analysis of
the Recent Decline in U.S. Patenting.”
“The Value of Patents as
Indicators of Inventive Activity,” with Zvi Griliches and Ariel
Pakes. In Dasgupta and Stoneman (eds.), Economic Policy and Technological
Performance,
“Patents and R&D:
Is There a Lag?,” with Z. Griliches and J. A. Hausman. International
Economic Review 27(1986): 265-283. NBER Working Paper No. 1454.
“A Note on the Bias in the Herfindahl Based on
Count Data,” September 2000 (revised January 2005), Revue
d'Economie Industrielle, No. 110, pp. 149-156. An earlier version was
published in Jaffe, A. and M. Trajtenberg (eds.), Patents, Citations, and
Innovation, MIT Press, 2002.
“A Note on Measurement Error and Proxy Variables“,
May 2004.
“Testing for Unit Roots in Panel
Data: An Exploration Using Real and Simulated Data,” with Jacques
Mairesse. NBER, UC Berkeley, and INSEE-CREST, in Andrews and Stock (eds.), Identification
and Inference for Econometric Models: A Festschrift in Honor of Thomas
Rothenberg,
“Firm-Level Investment in
France and the United States: An Exploration of What We have Learned in Twenty
Years?,” with Jacques Mairesse and Benoit Mulkay. Presented at the
Twentieth Anniversary Panel Data Conference,
“The Relationship Between Firm Size
and Firm Growth in the U.S. Manufacturing Sector.“ Journal of
Industrial Economics 35: 583-606 (1987).
“Wages, Schooling, and IQ of
Brothers and Sisters: Do the Family Factors Differ?“ with John Bound
and Zvi Griliches. International Economic Review 27: 77-105 (1986).
“Econometric Models for Count Data
with an Application to the Patents-R&D Relationship,“ with Jerry
A. Hausman and Zvi Griliches. Econometrica 52 (July): 909-37 (1984).
“Missing Data and Self-Selection in
Large Panels,” with Zvi Griliches and Jerry A. Hausman. Annales de
l'INSEE 30-31, Avril-Sept. 1978. Reprinted in Griliches, Zvi (ed.), Practicing
Econometrics,
“Estimation and Inference in Nonlinear
Structural Models,” with Ernst K. Berndt, Robert E. Hall, and Jerry
A. Hausman. Annals of Economic and Social Measurement 1974: 653-65.
“Measuring R&D
depreciation for the National Income Accounts,” slides from a
presentation to the BEA, 13 December 2006.
“Does the Market Value
R&D Investment by European Firms? Evidence from a Panel of Manufacturing
Firms in France, Germany, and Italy,” with Raffaele Oriani, International Journal of Industrial
Organization, forthcoming 2006. Revised version of paper presented at the
DRUID Conference, Helsingor, June 12-14, 2003. NBER Working Paper No. 10408 (May 2005
version).
“The Market Value of Knowledge Assets in U.S. and
European Firms,” with Dirk Czarnitzki and Raffaele Oriani, April 2005,
forthcoming in D. Bosworth and E. Webster (eds.), The Management Of Intellectual
Property, 2005.
“The Market Value of R&D: Theory
and Empirics,” slides from presentations at the Conference in Memory of
Tor Jakob Klette,
“Market Value and
Patent Citations,” with Adam Jaffe and Manuel Trajtenberg, Rand
Journal of Economics 36 (2005): 16-38:
(revised version of “Market Value and Patent Citations: A First
Look,” NBER Working Paper No. 7741 (June 2000), University of
California Dept. of Economics Working Paper No. E01-304 (revised June 2001). Slides from a presentation at
Oxford University, May 18, 2001.
“Innovation and Market Value,”
paper presented at the NIESR Conference on Competitiveness and Productivity,
“Market Value, Market Share, and Innovation,”
with Katrin Vopel. NBER, the
“The Value and Performance of U.S.
Corporations,“ with Robert E. Hall. Brookings Papers on Economic
Activity 1993 (1): 1-50.
“The Stock Market's Valuation of Research
and Development Investment During the 1980s.” American
Economic Review 83: 259-264 (1993).
“The Value of Intangible
Corporate Assets: An Empirical Study of the Components of Tobin's Q.”
IBER Working Paper No. 93-207 (January 1993).
“R&D, Patents, and
Market Value Revisited: Is There a Second (Technological Opportunity) Factor?“
with Zvi Griliches and Ariel Pakes. Economics of Innovation and New
Technology 1: 183-202 (1991).
The
Public-Private Innovation Interface
“The Open Enterprise: Academic
Entrepreneuship,” presentation to the Bocconi-Corriere della Sera
conference on Economics and the Open Society, Milano, May 8-12, 2007. Slides from the presentation.
“Property and the Pursuit of Knowledge:
IPR issues affecting scientific research,” with Paul A. David,
Introduction to a special issue of Research Policy, Volume 35, Issue 6,
2006. Reprint.
“Proprietary vs. Public Domain Licensing
of Software and Research Products,” with Alfonso Gambardella, 2006, Research Policy 35(6), 875-892, NBER Working Paper No. w11120 (2005).
“Identifying Age, Cohort and Period
Effects in Scientific Research Productivity: Discussion and Illustration Using
Simulated and Actual Data on French Physicists,” with Jacques
Mairesse and Laure Turner (2007), Economics
of Innovation and New Technology 16 (2): 159-177. [Paper presented at the
Keith Pavitt Memorial Conference, SPRU, November 2003, revised June 2005.]
“Incentives for Knowledge Production with
Many Producers,” presentation to the European Commission/NSF/OECD
Conference on Networks of Knowledge: Research and Policy for the
Knowledge-Based Economy,
“University-Industry Research Partnerships in the
United States,” in Contzen, Jean-Pierre, David Gibson, and Manuel V.
Heitor (eds.), Rethinking Science Systems and Innovation Policies,
Proceedings of the 6th International Conference on Technology Policy and
Innovation, Purdue University Press, 2004.
An earlier version was presented at the 6th International Conference on
Technology Policy and Innovation,
“University-Industry Partnerships and
Intellectual Property,” paper presented to an NSF Workshop on
Intellectual Property Protection Mechanisms in Research Partnerships, Center
for International Science and Technology Policy,
“Universities as Research Partners,”
with Albert N. Link and John T. Scott, Review of Economics and Statistics,
May 2003.
An earlier version was presented at the Annual Meetings of the Industrial
Organization Society and the American Economic Association, Boston, January
7-9, 2000, NBER Working Paper No. 7643 (March 2000). Zipped PDF of long version.
“Barriers Inhibiting Industry from
Partnering with Universities: Evidence from the Advanced Technology Program,”
with Albert N. Link and John T. Scott, Journal of Technology Transfer 26:
87-98 (2001)..
“R&D, Innovation, and
Productivity: New Evidence from Italian Microdata,” with F. Lotti and
J. Mairesse, paper presented at the International Schumpeter Society Meeting in
Nice, France, June 2006 (revised July 2007, Industrial
and Corporate Change, forthcoming). NBER Working Paper No. 13296.
“Research and Development,” International Encyclopedia of the Social
Sciences, 2nd edition (2008), edited by William A. Darity, pp.
199-201.
“Empirical studies of innovation
in the knowledge driven economy: An introduction,” with J. Mairesse,
Introduction to a special issue of Economics
of Innovation and New Technology, Vol. 15, Issues 4/5, 2006. NBER Working Paper No. w12320.
“The Financing of Innovation,”
in Shane, S. (ed.), Blackwell Handbook of
Technology and Innovation Management,
“Financing Private Sector
Investment in Research and Development,” slides from presentation to
the United Nations INTECH University/European Union conference on financial
systems, corporate investment in innovation, and venture capital, November 7-8,
2002,
“R&D Satellite Accounts
and Returns to Private R&D by Barbara Fraumeni and Sumiye Okubo: Discussion,”
slides from presentation to the CRIW-NBER Conference on Measuring Capital in
the New Economy, April 26-27, 2002,
“The Financing of
Research and Development,”
“The Economics of R&D Tax
Credits,” slides from presentation to the Tax Policy Institute
Conference on the R&D Tax Credit,
“Investment and R&D in France
and the United States,” with Benoit Mulkay and Jacques Mairesse.
Herrmann, Heinz, and Rolf Strauch (editors), Investing Today for the World
of Tomorrow, Springer Verlag, 2001.
“Heart of Darkness: Public-Private
Interactions Inside the R&D Black Box,” with Paul A. David. Research
Policy 29: 1165-1183 (2000).
“Is Public R&D a Complement or
Substitute for Private R&D? A Review of the Econometric Evidence,”
with Paul A. David and Andrew A. Toole. Research Policy 29(4-5): 497-530
(2000).
“How Effective are Fiscal Incentives for
R&D? A Review of the Evidence,” with John van Reenen. Research
Policy 29(4-5): 449-470 (2000).
“Does Cash Flow Cause
Investment and R&D: An Exploration Using Panel Data for French, Japanese,
and United States Scientific Firms,” with Jacques Mairesse, Lee
Branstetter, and Bruno Crepon. In Audretsch, D., and A. R. Thurik (eds.),
Innovation, Industry Evolution, and Employment,
“The Private and Social Returns to
Research and Development: What Have We Learned?“ In Smith, Bruce L.
R., and Claude E. Barfield (eds.), Technology, R&D, and the Economy,
Washington, DC: The Brookings Institution and the American Enterprise
Institute, 1996.
“Estimating the Productivity of
Research and Development in French and United States Manufacturing Firms,”
with Jacques Mairesse. In Bart van Ark and Karin Wagner (eds.), International
Productivity Differences, Measurement and Explanations,
“Exploring the Relationship Between
R&D and Productivity in French Manufacturing Firms,” with Jacques
Mairesse. Journal of Econometrics 65: 263-294 (1995).
“The Role of Working Capital in the
Investment Process,” with Hugo Kruiniker. NBER, the
“Fiscal Policy towards
R&D in the United States: Recent Experience,” presentation to the
OECD meeting on Fiscal Measures to Promote R&D, Paris, France, January 19,
1995.
“R&D Tax Policy During
the Eighties: Success or Failure?“ In Tax Policy and the Economy
7: 1-35 (1993). NBER Working Paper No. 4240.
“Industrial Research During the
1980s: Did the Rate of Return Fall?“ Brookings Papers on Economic
Activity Microeconomics 1993 (2): 289-344.
“Firm-Level Investment with Liquidity
Constraints: What Can the Euler Equations Tell Us?“ NBER and the
“Research and Development
Investment at the Firm Level: Does the Source of Financing Matter?“
IBER Working Paper No. 92-194 (May 1992). NBER Working Paper No. 4096 (June
1992).
“Research and Development as an
Investment,” with Fumio Hayashi. NBER Working Paper No. 2973 (May
1989) .
“Who Does R&D and Who Patents?“
with J. Bound, C. Cummins, Z. Griliches, and A. Jaffe. In Zvi Griliches (ed.), R&D,
Patents, and Productivity,
Diffusion
“Innovation and Diffusion,“
October 2003. In Fagerberg, J., D. Mowery, and R. R. Nelson (eds.), Handbook
of Innovation,
“Adoption of New Technology,”
with Beethika Khan. In Jones, Derek C., New Economy Handbook, Academic
Press, 2003.
“Redefining the
Takeover Target: An Empirical Investigation Using Duration Models,” with
Constance Phelizon. UC Berkeley and Universite Paris I: Photocopied.
“Mergers and R&D Revisited.”
Paper prepared for presentation at the NSF Symposium on Quasi-Experimental
Methods, Econometrics Laboratory, UC Berkeley, August 3-7, 1999. (revised
version of a paper presented at an NBER conference on mergers and productivity,
January 1997 and a conference on The Influence of Financial Markets on
Restructuring in Science Based Industries, Milano, May 21-22, 1999 ). New version July 12, 1999
“Corporate
Restructuring and Investment Horizons.” Business History Review
68 (Spring 1994): 110-143. NBER Working Paper No.
“The Impact of Corporate
Restructuring on Industrial Research and Development.” Brookings
Papers on Economic Activity 1990 (1): 85-136.
“The Effect of
Takeover Activity on Corporate Research and Development.” In Auerbach,
Alan (ed.), The Economic Effects of Takeover Activity,
“Estimation of the Probability of
Acquisition in an Equilibrium Setting.” UC Berkeley Dept. of
Economics Working Paper No. 8887 (August 1988).
Reports
and data documentation
TSP 5.0 User's Guide, (with Clint Cummins), TSP
International, February 2005.
TSP 5.0
Reference Manual,
(with Clint Cummins), TSP International, February 2005.
“Government Policy for Innovation in Latin
America,” a report to the World Bank, presented at the Barcelona
Conference on R&D and Innovation in the Development Process, June 2005.
“Tax Incentives for
Innovation in the United States,” a report to the European Union
submitted by Asesoria Industrial ZABALA-Spain (Contract Nº:
INNO–99–03), January 2001 draft.
“The California R&D Tax
Credit: Description, History, and Economic Analysis,” with Marta
Wosinska. Report for the
“Differences in Reported
R&D Data on the NSF/Census RD-1 Form and the SEC 10-K Form: A Micro-Data
Investigation,” with William F. Long. NBER, UC Berkeley,
“Effectiveness of Research and Experimentation
Tax Credits: Critical Literature Review and Research Design,” Report
written for the Office of Technology Assessment, U.S. Congress,
“The Manufacturing Sector
Master File: 1959-1987.” NBER Working Paper No. 3366 (May 1990).
“A Descriptive Analysis of the Growth and
Fluctuations of French Manufacturing Firms.” NBER and ENSAE/INSEE
(June 1987).
“Census R&D Data Match Project: A
Progress Report,” with Zvi Griliches. Paper presented at the Workshop
on the Development and Use of Longitudinal Establishment Data, Bureau of the
Census,
“Patents and Technological Competencies:
Discussion.“ 2004. Presentation at the Economic History Association
Meetings,
“A Comparative Perspective on Technology
Regimes and Productivity Growth in the U.S. and Europe: Discussion.“
2004. Presentation at the Berkeley-Vienna Conference on the U.S. and European
Economies in Comparative Perspective, UC Berkeley, California, Sept. 9/10,
2004.
“Models of
Research Funding: Discussion,” 2003. In A. Guena, A. Salter, and W.
E. Steinmueller (eds.), Science and Innovation. Rethinking the Rationales
for Funding and Governance. Edward Elgar.
“The Assessment: Technology Policy.”
2002. Oxford Review of Economic Policy 18 (No. 1), edited by Bronwyn H. Hall
and David Ulph.
“Investment and Taxation in
Germany - Evidence from Firm-Level Panel Data by Harhoff and Ramb: Discussion.”
In Herrmann, Heinz, and Rolf Strauch (eds.), Investing Today for the World
of Tomorrow, Springer Verlag, forthcoming 2001.
“Economics and Econometrics of
Innovation: Overview“ (in English) and “Economie et econometrie
de l'innovation: Avant-propos” (en francais), with David Encaoua, Francois
Laisney, and Jacques Mairesse, Annales d'Economie et de Statistique
49/50 (Janvier-Juin 1998): 1-50.
“The Effects of Technology and
Innovation on Firm Performance, Employment, and Wages: Introduction,”
with Francis Kramarz. Introduction to a special volume of Economics of
Innovation and New Technology, 1998 (Volume 5, Issue 2/4).
“Tax Policy and
Investment Incentives, by Kevin Hassett and Glenn Hubbard: Comment.” In
Auerbach, Alan (ed.), Fiscal Policy: Lessons from Economic Research,
“Valuing Intangible Assets: The
Stock Market Value of R&D Revisited.” with Daehwan Kim.
“Incremental Tax
Credits for R&D: The United States Experience,” presentation to the
Save British Science meeting on measures to encourage innovation in industry,
Milton Hill, Abingdon, UK, June 3, 1995.
“On the Sensitivity
of R&D to Delicate Tax Changes: The Behavior of
“Empirical Analysis of the Size Distribution
of Farms: Discussion.” American Journal of Agricultural Economics,
May 1987.