First Sentence:
In the spring of 1960 a conference was held at the University of Minnesota under the auspices of the Universities-NBER Committee for Economic Research, resulting in the publication of The Rate and Direction of Inventive Activity (Nelson 1962), a volume that still serves as a major statement and source book of economic ideas in this field.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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appropriable revenues, technology flow matrices, extended accelerator model, intraindustry variance, scientific firms, private goods assumption, average past growth rate, interindustry variance, patent equation, semireduced form equations, expected market size, knowledge increments, uncorrected measures, patent intensity, national patenting, gross plant, stock market rate, demand inducement, growth rates account, log patents, deflated sales, interindustry technology flows, public goods assumption, subperiod averages, adaptive invention
Key Phrases - Capitalized Phrases (CAPs):
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United States, National Bureau of Economic Research, National Science Foundation, New York, American Economic Review, Zvi Griliches, Harvard University, Department of Economics, University of Chicago Press, Ariel Pakes, United Kingdom, Bell Journal of Economics, West Germany, Federal Trade Commission, Yale University, National Planning Association, Bureau of the Census, Economic Journal, Journal of Political Economy, Mark Schankerman, Professor Scott, Anthony Romeo, Edwin Mansfield, Northwestern University, Quarterly Journal of Economics
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