How Do Institutions of Higher Education Affect Local Invention? Evidence from the Establishment of U.S. Colleges

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dc.contributor.authorAndrews, Michael
dc.date.accessioned2021-06-10T19:48:27Z
dc.date.available2021-06-10T19:48:27Z
dc.date.issued2023-05-02
dc.description.abstractI use data on site selection decisions for a subset of U.S. colleges to identify "runner-up" locations that were strongly considered to become the sites of new colleges but were ultimately not chosen for as-good-as-random reasons. When using runner-up counties as counterfactuals, establishing a college causes 48% more patents per year. Linking patents to novel college yearbook data reveal that only 5% of patents in a college's county came from alumni or faculty of that college. I find no difference in patenting between establishing colleges and establishing other types of institutions, nor between colleges with different focuses on technical fields.en
dc.description.urihttps://www.aeaweb.org/articles?id=10.1257/pol.20200320en
dc.format.extent121 pagesen
dc.genrepreprints
dc.genrejournal articlesen
dc.identifierhttps://doi.org/10.1257/pol.20200320
dc.identifier.citationAndrews, Michael J. 2023. "How Do Institutions of Higher Education Affect Local Invention? Evidence from the Establishment of US Colleges." American Economic Journal: Economic Policy, 15 (2): 1–41. DOI: 10.1257/pol.20200320en
dc.identifier.urihttps://doi.org/10.1257/pol.20200320
dc.identifier.urihttp://hdl.handle.net/11603/21720
dc.language.isoenen
dc.publisherAmerican Economic Association
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC Economics Department Collection
dc.rightsThis item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.
dc.titleHow Do Institutions of Higher Education Affect Local Invention? Evidence from the Establishment of U.S. Collegesen
dc.typeTexten

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