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Influence of Research and Development Expenditures on Number of Patent Aplications: Selected Case Studies in OECD countries and Central Europe, 1981-2001

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  • Prodan, I.

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Abstract

Investment 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 Info

Article provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.

Volume (Year): 5 (2005)
Issue (Month): 4 ()
Pages:

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Handle: RePEc:eaa:aeinde:v:5:y:2005:i:4_1

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Related research

Keywords: R&D; Patents; Expenditure;

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References

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  1. 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.
  2. Dosi, Giovanni, 1988. "Sources, Procedures, and Microeconomic Effects of Innovation," Journal of Economic Literature, American Economic Association, vol. 26(3), pages 1120-71, September.
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Cited by:
  1. 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.
  2. 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.
  3. 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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