Does Patenting Increase the Private Inventives to Innovate ? A Microeconometric Analysis
AbstractThe role played by the patent system as an innovation incentive is at the center of an important current debate. The relevance of the patent system for the development of high-tech industries has been put into question. This paper adds to the prior evidence by looking at the relationship between patent rights and innovation performance in French manufacturing over the period 1997-1999. In order to sort problems of endogeneity out, we use a structural model of research, innovation and patenting. In particular, since the type of innovation (product, process) may drive appropriability conditions, the model takes this dimension into account. The empirical results are clear-cut : patents promote significantly product innovations but not process innovations. Similarly, the patent premium increases with the value of product innovations but is not directly affected by the value of process innovations.
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Bibliographic InfoArticle provided by ENSAE in its journal Annals Of Economics and Statistics.
Volume (Year): (2012)
Issue (Month): 107-108 ()
Other versions of this item:
- E. Duguet & C. Lelarge, 2004. "Does patenting increase the private incentives to innovate? A microeconometric analysis," Documents de Travail de la DESE - Working Papers of the DESE g2004-08, Institut National de la Statistique et des Etudes Economiques, DESE.
- Emmanuel Duguet & Claire Lelarge, 2006. "Does Patenting Increase the Private Incentives to Innovates ? A Microeconometric Analysis," Working Papers 2006-09, Centre de Recherche en Economie et Statistique.
- DUGUET Emmanuel & LELARGE Claire, 2004. "Does patenting increase the private incentives to innovate? A microeconometric analysis," Development and Comp Systems 0411019, EconWPA.
- Emmanuel Duguet & Claire Lelarge, 2004. "Does patenting increase the private incentives to innovate ? A microeconometric analysis," Cahiers de la Maison des Sciences Economiques v04096, Université Panthéon-Sorbonne (Paris 1).
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
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