TY  - UNPD
A1  - Bian, Bo
A1  - Meier, Jean-Marie
A1  - Xu, Ting
T1  - Cross-border institutions and the globalization of innovation
T2  - LawFin working paper ; No. 23
N2  - We identify strong cross-border institutions as a driver for the globalization of in-novation. Using 67 million patents from over 100 patent offices, we introduce novel measures of innovation diffusion and collaboration. Exploiting staggered bilateral in-vestment treaties as shocks to cross-border property rights and contract enforcement, we show that signatory countries increase technology adoption and sourcing from each other. They also increase R&D collaborations. These interactions result in techno-logical convergence. The effects are particularly strong for process innovation, and for countries that are technological laggards or have weak domestic institutions. Increased inter-firm rather than intra-firm foreign investment is the key channel.
T3  - LawFin Working Paper - 23 
KW  - innovation
KW  - technology diffusion
KW  - globalization
KW  - cross-border institutions
KW  - bilateral investment treaties
Y1  - 2021
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/61663
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-616639
IS  - July 20, 2021
EP  - 70
PB  - Center for Advanced Studies on the Foundations of Law and Finance, House of Finance, Goethe University
CY  - Frankfurt am Main
ER  -