Carlos Rosell

Department of Finance, Canada
90 Elgin Street
Ottawa, ON K1P 0C6
Tel: 613-369-5644
Fax: 613-369-5668

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Department of Finance, Canada

NBER Working Papers and Publications

October 2014Tax Credits and Small Firm R&D Spending
with Ajay Agrawal, Timothy S. Simcoe: w20615
In 2004, Canada changed the eligibility rules for its Scientific Research and Experimental Development (SRED) tax credit, which provides tax incentives for R&D conducted by small private firms. Difference in difference estimates show a seventeen percent increase in total R&D among eligible firms. The impact was larger for firms that took the tax credits as refunds because they had no current tax liability. Contract R&D expenditures were more elastic than the R&D wage bill. The response was also greater for firms that invested in R&D capital before the policy change.

Published: Ajay Agrawal & Carlos Rosell & Timothy Simcoe, 2020. "Tax Credits and Small Firm R&D Spending," American Economic Journal: Economic Policy, vol 12(2), pages 1-21.

January 2010Not Invented Here? Innovation in Company Towns
with Ajay Agrawal, Iain Cockburn
in Cities and Entrepreneurship, Edward L. Glaeser, Stuart S. Rosenthal and William C. Strange, organizers
October 2009Not Invented Here? Innovation in Company Towns
with Ajay K. Agrawal, Iain M. Cockburn: w15437
We examine variation in the concentration of inventive activity across 72 of North America's most highly innovative locations. In 12 of these areas, innovation is particularly concentrated in a single, large firm; we refer to such locations as "company towns.'' We find that inventors employed by large firms in these locations tend to draw disproportionately from their firm's own prior inventions (as measured by citations to their own prior patents) relative to what would be expected given the underlying distribution of innovative activity across all inventing firms in a particular technology field. Furthermore, we find such inventors are more likely to build upon the same prior inventions year after year. However, smaller firms in company towns do not exhibit this myopic behavior; they dr...


  • Agrawal, Ajay & Cockburn, Iain & Rosell, Carlos, 2010. "Not Invented Here? Innovation in company towns," Journal of Urban Economics, Elsevier, vol. 67(1), pages 78-89, January. citation courtesy of
  • Ajay Agrawal & Iain Cockburn & Carlos Rosell, 2010. "Not Invented Here? Innovation in Company Towns," NBER Chapters, in: Cities and Entrepreneurship National Bureau of Economic Research, Inc.

October 2006University Patenting: Estimating the Diminishing Breadth of Knowledge Diffusion and Consumption
with Ajay Agrawal: w12640
The rate of university patenting increased dramatically during the 1980s. To what extent did the knowledge flow patterns associated with public sector inventions change as university administrators and faculty seemingly became more commercially oriented? Using a Herfindahl-type measure of patent assignee concentration and employing a difference-in-differences estimation to compare university to firm patents across two time periods, we find that the university diffusion premium (the degree to which knowledge flows from patented university inventions are more widely distributed across assignees than those of firms) declined by over half during the 1980s. In addition, we find that the university diversity premium (the degree to which knowledge inflows used to develop patented university inven...
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