Eliezer M. Fich
The Effects of Terrorist Attacks on Inventor Productivity and Mobility
Fich, Eliezer M.; Nguyen, Tung; Petmezas, Dimitris
Abstract
We investigate the impact of deadly terrorist attacks on inventor productivity and mobility in the U.S. During the five-year window after such events, nearby firms generate fewer and less impactful inventions. Moreover, their inventors typically exhibit a post-attack decline in their patent production, unless they move to a distant company (which some tend to do after an attack). Firms’ financial constraints and inventor talent appear to provide channels underlying our productivity and mobility findings, respectively. These results provide novel insights about the impact of shocks that distort the invention process and promote the mobility and reallocation of inventors among firms.
Citation
Fich, E. M., Nguyen, T., & Petmezas, D. (2023). The Effects of Terrorist Attacks on Inventor Productivity and Mobility. Research Policy, 52(1), Article 104655. https://doi.org/10.1016/j.respol.2022.104655
Journal Article Type | Article |
---|---|
Acceptance Date | Oct 5, 2022 |
Online Publication Date | Oct 17, 2022 |
Publication Date | 2023-01 |
Deposit Date | Oct 6, 2022 |
Publicly Available Date | Oct 18, 2022 |
Journal | Research Policy |
Print ISSN | 0048-7333 |
Electronic ISSN | 1873-7625 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 52 |
Issue | 1 |
Article Number | 104655 |
DOI | https://doi.org/10.1016/j.respol.2022.104655 |
Public URL | https://durham-repository.worktribe.com/output/1189886 |
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Copyright Statement
© 2022 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/)
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