The Library
Data for Patent-based news shocks
Tools
Vukotić, Marija and Cascaldi-Garcia, Danilo (2021) Data for Patent-based news shocks. [Dataset]
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Official URL: https://doi.org/10.7910/DVN/M1PFKO
Abstract
What do patents tell us about the economic effects of future technological improvements? We identify aggregate and industry level patent-based news shocks by exploiting changes in stock market valuations of firms that obtain patent grants. Our shocks resemble diffusion news, as they do not affect total factor productivity in the short run but induce a strong permanent effect after five years. We find that patent-based news shocks produce positive comovement between consumption, output, investment, and hours. They also generate positive responses in inflation and in the federal funds rate, consistent with standard New Keynesian models.
Item Type: | Dataset | ||||||
---|---|---|---|---|---|---|---|
Alternative Title: | Replication data for : patent-based news shocks | ||||||
Subjects: | H Social Sciences > HB Economic Theory | ||||||
Divisions: | Faculty of Social Sciences > Economics | ||||||
Type of Data: | Modelling data | ||||||
Library of Congress Subject Headings (LCSH): | Technology -- Economic aspects, Information theory in economics, Patents -- Economic aspects | ||||||
Publisher: | University of Warwick, Department of Economics | ||||||
Official Date: | 8 March 2021 | ||||||
Dates: |
|
||||||
Status: | Not Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Media of Output (format): | .m, .mat, .tab | ||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||
Copyright Holders: | University of Warwick | ||||||
Description: | Data record consists of raw data in .m and .mat and .tab format, and an accompanying readme file. |
||||||
Related URLs: | |||||||
Contributors: |
|
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |