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The Effects of Terrorist Attacks on Inventor Productivity and Mobility

Fich, Eliezer M.; Nguyen, Tung; Petmezas, Dimitris

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Authors

Eliezer M. Fich

Tung Nguyen



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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