US Firm Exports and Intellectual Property Rights
نویسندگان
چکیده
How do intellectual property rights (IPR) policies a¤ect international trade? In this paper we consider two of the central results from the model of Lin (2013) (i) that IPR reforms should expand the range of goods exported to a country through the extensive margin of trade and (ii) rms with more newly developed products should be more sensitive to IPR policies than other innovative rms. Building the rst comprehensive matched rm-level data set on destinationspeci c exports and patents, we begin by documenting a number of facts on the relationship between trade and innovation. Notably, while only 9% of manufacturing rms have a patent, they account for 89% of all manufacturing exports. In preliminary ndings, we then document a statistically signi cant relationship between whether or not a rm has a patent and its sensitivity to IPR policies in terms of its exports. Firms with more newly developed patents show a larger sensitivity than other rms. Future directions for the analysis are then discussed. JEL Classi cation Numbers: F13, F14, M21, O31, O3
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