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
Recent
presentations and papers
Open innovation and
intellectual property rights, short paper written for Japan Spotlight (January/February 2010 issue).
Pitfalls in
estimating the returns to corporate R&D using accounting data, with
Dominique Foray and Jacques Mairesse, October 2009 revision of a paper
presented at the First European Conference on Knowledge for Growth, October
8-9, 2007, Seville, Spain.
The Use and Value of IP
Rights, paper presented at the UK IP Ministerial Forum on the Economic
Value of Intellectual Property,
Some facts about business method
and software patents at the USPTO and the EPO, presentation to the George
Wahington University Law School Conference on Patents and Entrepreneurship in
Business and Information Technologies, Washington, DC, June 2009
Testimony to the Federal Trade
Commission Hearings on Markets for Intellectual Property and Technology,
May 4, 2009, Berkeley Center for Law and Technology, Berkeley, California.
Financing R&D
and Innovation, with Josh Lerner, draft of chapter prepared for the Elsevier Handbook of the Economics of
Innovation, B. H. Hall and
Business and financial method patents,
innovation, and policy (2009), Scottish
Journal of Political Economy 56(4): 443-473. NBER Working Paper version (April 2009).
Innovation, patent strategy
and patent reform, presentation to the TILEC Conference on Patent Reform,
Financial patenting in Europe(2009),
with Grid Thoma and Salvatore Torrisi, European
Management Review 6: 45-63. Paper presented at the CEPR-Bank
of Finland Conference on Innovation and Intellectual Property in Financial
Services,
Innovation and
productivity in SMEs: Empirical evidence for Italy (2009), with Francesca
Lotti and Jacques Mairesse, Small
Business Economics 33: 13-33. NBER Working Paper version
(November 2008).
R&D and Financial
Investors (November 2008), with Alessandro Grandi and Raffaele Oriani,
Chapter 4 of V. Chiesa and F. Frattini, R&D
evaluation and performance measurement, Edward Elgar, forthcoming.
Methods and software for the
harmonization and integration of datasets: A test based on IP-related data and
accounting databases with a large panel of companies at the worldwide level,
with Grid Thoma, Salvatore Torrisi, Alfonso Gambardella, Dominique Guellec, and
Dietmar Harhoff, paper prepared for presentation at the PatStat Conference - Conference on Patent Statistics for Decision
Makers, Vienna, September 3-4, 2008.
Patents
and Patent Policy
Strategic use of patents,
lecture at the European Summer School in Industrial Dynamics (ESSID), Monte
SantAngelo,
Opening statement, Druid
debate on the use of patent data, 25th Anniversary DRUID
Conference,
Patent value and Patents and technology development,
lectures for WIPO,
Patents and Patent Policy, Revised
December 2007, draft for Oxford Review of
Economic 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,
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 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.
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.
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
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.
Which firms participate in open
source development?: a study using data from Debian, presentation to the
DIME-DRUID Fundamental,
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
Investment; R&D and Innovation Policy
Policy for
innovation: insights from economic research, presentation to VINNOVA,
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,
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
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.
The NBER Patent Citations Data
File: Lessons, Insights, and Methodological Tools, with Adam Jaffe and
Manuel Trajtenberg. NBER Working Paper No. 8498 (October 2001).
Tax Incentives for
Innovation in the United States, a report to the European Union submitted
by Asesoria Industrial ZABALA-Spain (Contract NΊ: INNO9903), 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.