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Lockdowns and Innovation: Evidence from the 1918 Flu Pandemic / Enrico Berkes, Olivier Deschenes, Ruben Gaetani, Jeffrey Lin, Christopher Severen.
- Format:
- Book
- Author/Creator:
- Berkes, Enrico.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w28152.
- NBER working paper series no. w28152
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- Does social distancing harm innovation? We estimate the effect of non-pharmaceutical interventions (NPIs)--policies that restrict interactions in an attempt to slow the spread of disease--on local invention. We construct a panel of issued patents and NPIs adopted by 50 large US cities during the 1918 flu pandemic. Difference-in-differences estimates show that cities adopting longer NPIs did not experience a decline in patenting during the pandemic relative to short-NPI cities, and recorded higher patenting afterward. Rather than reduce local invention by restricting localized knowledge spillovers, NPIs adopted during the pandemic may have better preserved other inventive factors.
- Notes:
- Print version record
- November 2020.
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