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000047780 0247_ $$a10.34667/tind.47780$$2doi
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000047780 041__ $$aeng
000047780 1001_ $$aBattisti, Michele;$$aBelloc, Filippo;$$aDel Gatto, Massimo.
000047780 24510 $$aCOVID-19, Innovative Firms and Resilience :$$bEconomic Research Working Paper No. 73.
000047780 264_1 $$aGeneva, Switzerland :$$bWorld Intellectual Property Organization,$$c2023.
000047780 300__ $$a57 pages ;$$c[28] cm.
000047780 336__ $$atext$$btxt$$2rdacontent
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000047780 4901_ $$aEconomics Working Papers,$$x2957-8256 ;$$vno. 73
000047780 5050_ $$aExecutive summary -- 1. Introduction -- 2. Previous literature on firm resilience during the COVID-19 pandemic -- 3. The data used in this study -- 4. Firm innovativeness and firm exit during the COVID-19 pandemic -- 4.1 The main correlates of patent-filling -- 4.2 The differential rate of survival of patent-filling firms -- 4.3 The characteristics of firms during the first two years of the COVID-19 pandemic -- 4.4 The direct effect of being innovative on firm resilience -- 5. Patent intensity and the margins of firm resilience during the COVID-19 pandemic -- 5.1 The extensive margin of firm resilience during the COVID-19 pandemic -- 5.1.1 Direct effects of patent intensity on the extensive margin of firm resilience -- 5.1.2 Conditional effects of patent intensity on the extensive margin of firm resilience -- 5.2 The intensive margin of firm resilience during the COVID-19 pandemic -- 5.2.1 Direct effects of patent intensity on the intensive margin of firm resilience -- 5.2.2 Conditional effects of patent intensity on the intensive margin of firm resilience -- 6. The productivity of innovative firms during the COVID-19 pandemic -- 7. Policy implications
000047780 520__ $$aThis paper explores the empirical association between patents and various indicators of firm resilience during the COVID-19 pandemic with worldwide firm-level data from manufacturing industries. The study shows that patent-intensive firms have a reduced probability of exit, in particular if they are larger and if engaging with complementary investments in R&D and other intangibles. Additional estimates show that firm productivity has been an important transmission channel. Taken together, the results presented in the paper offer evidence-based findings pointing to patents as an important potential factor contributing to firm resilience during the COVID-19 pandemic. Policy insights are discussed.
000047780 542__ $$fCC BY 4.0 WIPO
000047780 650_0 $$aCopyright
000047780 650_4 $$aCOVID-19
000047780 650_0 $$aPatents.
000047780 650_0 $$aManufacturing industries.
000047780 650_4 $$aFirm Resilience
000047780 7102_ $$aWorld Intellectual Property Organization
000047780 830_0 $$aEconomics Working Papers ;$$vno. 73.
000047780 85648 $$3Abstract with links to full text$$uhttps://dx.doi.org/10.34667/tind.46657
000047780 8564_ $$w7a20634d-9135-4a41-839f-f800228b63f3$$s1892790$$fwipo-pub-econstat-wp-72-en-directing-innovation-towards-a-low-carbon-future.pdf$$fwipo-pub-econstat-wp-72-en-directing-innovation-towards-a-low-carbon-future.pdf$$fwipo-pub-econstat-wp-72-en-directing-innovation-towards-a-low-carbon-future.pdf$$uhttps://tind.wipo.int/record/46657/files/wipo-pub-econstat-wp-72-en-directing-innovation-towards-a-low-carbon-future.pdf
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000047780 903__ $$aEconomics working papers
000047780 904__ $$aWorking paper
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