Genesis is in the air: does an airline boom stimulate innovation?

Crawford School of Public Policy | Arndt-Corden Department of Economics

Event details

PhD Seminar (Econ)

Date & time

Thursday 17 October 2019
2.00pm–3.30pm

Venue

Seminar Room 1 , Level 1, Stanner Building 37, Lennox Crossing, ANU

Speaker

Inggrid Inggrid

Contacts

Dr Ryan Edwards

Invention lies at the heart of new growth theory. While the emerging literature has reached consensus on the key role of an inventor’s human capital for inventions, the exact mechanisms through which the individual inventor may accumulate their productive knowledge remain an empirical question. This paper studies how the advancement of learning and interaction channels among inventors induced by major airline deregulation promotes innovation. Using a newly geocoded patent dataset across Indonesian municipalities, the study finds that air passenger traffic increases regional patenting. The result is robust for heterogeneous sample groups and a variety of sensitivity tests. This research thus provides a rational basis for the country to leverage its transportation infrastructure development.

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