We construct a panel of issued patents and NPIs adopted by 50 large US cities during the 1918 flu pandemic. Difference-in-differences estimates show that cities adopting longer NPIs did not experience a decline in patenting during the pandemic relative to short-NPI cities, and recorded higher patenting afterward. Rather than reduce local invention by restricting localized knowledge spillovers, NPIs adopted during the pandemic may have better preserved other inventive factors.View the Full Working Paper
Lockdowns and Innovation: Evidence from the 1918 Flu Pandemic
WP 20-46 — Does social distancing harm innovation? We estimate the effect of non-pharmaceutical interventions (NPIs) — policies that restrict interactions in an attempt to slow the spread of disease on local invention.