Influence of Research and Development Expenditures on Number of Patent Aplications: Selected Case Studies in OECD countries and Central Europe, 1981-2001
AbstractInvestment in R&D encourages innovation, which in turn, spurs economic growth. This paper presents a model to test whether that the number of patent applications is dependent on R&D expenditure, especially R&D expenditure in the business sector. This paper shows: 1) that a strong positive correlation exists between R&D expenditure and patent applications, 2) that R&D investment creates patent applications with a time-lag, which is different from country to country, 3) that the number of patent applications in developed countries depends more on R&D expenditure in the business sector than on R&D gross domestic expenditure.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.
Volume (Year): 5 (2005)
Issue (Month): 4 ()
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Web page: http://www.usc.es/economet/eaa.htm
Find related papers by JEL classification:
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Timmer, Marcel P., 2003. "Technological development and rates of return to investment in a catching-up economy: the case of South Korea," Structural Change and Economic Dynamics, Elsevier, vol. 14(4), pages 405-425, December.
- Sinha, Dipendra, 2007.
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2547, University Library of Munich, Germany.
- SINHA, Dipendra, 2008. "Patents, Innovations And Economic Growth In Japan And South Korea: Evidence From Individual Country And Panel Data," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(1), pages 181-188.
- Pop Silaghi, Monica Ioana & Alexa, Diana & Jude, Cristina & Litan, Cristian, 2014.
"Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation,"
Elsevier, vol. 36(C), pages 108-119.
- Pop-Silaghi, Monica & Jude, Cristina & Alexa, Diana & Litan, Cristian, 2012. "Do business and public sector research and development expenditures contribute to economic growth in central and eastern European countries? A dynamic panel estimation," Economics Discussion Papers 2012-4, School of Economics, Kingston University London.
- Guisan, M.Carmen & Cancelo, M.Teresa, 2006. "Indicadores de producción científica en Economía, Ciencia y Tecnología: Análisis Comparativo de España y Europa, 2001-2006," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 6(2).
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