Babina, Tania; Bernstein, Asaf; Mezzanotti, Filippo - 2022
The effect of financial crises on innovation is an unsettled and important question for economic growth, but one … that local distress caused a sudden and persistent decline in patenting by the largest organizational form of innovation at … this, we find that innovation during crises can be more resilient than it may appear at first glance. First, there is no …