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Is distance dying at last?

Griffith, Rachel and Lee, Sokbae and Van Reenen, John (2008) Is distance dying at last? Centrepiece, 12 (3). pp. 6-10. ISSN 1362-3761

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Identification Number: CEPCP240

Abstract

Economists have long been sceptical of claims about the 'death of distance' - the idea that new technology has diminished the significance of geography for economic outcomes. Research by Sokbae Lee, Rachel Griffith and John Van Reenen, which looks at patent citations over a quarter of a century, finds the first hard evidence that distance is indeed becoming less important. Their study finds that measured by the relative speed of patent citations over time, the flow of ideas between countries is getting quicker. If new ideas are benefiting other countries more quickly, it may make less sense to subsidise corporate R&D.

Item Type: Article
Official URL: http://cep.lse.ac.uk/centrepiece
Additional Information: © 2008 Centre for Economic Performance, London School of Economics and Political Science
Subjects: H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Collections > CentrePiece
Date Deposited: 02 May 2008 09:41
Last Modified: 05 Nov 2012 15:51
URI: http://eprints.lse.ac.uk/id/eprint/4595

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