IDEAS home Printed from https://ideas.repec.org/a/spr/scient/v127y2022i8d10.1007_s11192-022-04457-9.html
   My bibliography  Save this article

An analysis of the spillover effects based on patents and inter-industrial transactions for an emerging blockchain technology

Author

Listed:
  • Hiroshi Someda

    (Tokyo Institute of Technology)

  • Takanori Akagi

    (Tokyo Institute of Technology)

  • Yuya Kajikawa

    (Tokyo Institute of Technology)

Abstract

A simple and robust approach to predict the spillover effects of emerging technologies enables proper formulation of investment strategies. In this study, we propose the method in order to detect industry sectors impacted by the spillover effect of emerging technologies in their early stage. The method integrates patent analysis with input–output analysis to model knowledge spillover among industrial sectors and has the following three steps. The first is an analysis of technological features in industry sectors. Using the IPC group of patents, we characterized each industrial sector by technological features. The second is an analysis of technological features in a given emerging technology. The third is a similarity analysis of the technological features between emerging technology and industry sectors. In this paper, we conducted a case study on blockchain technology. We demonstrated the effectiveness of the proposed method by comparing the results with the existing reports. We found that the predictive performance became the highest when we used an industrial sector-normalized matrix in patent analysis and producer’s price table in input–output analysis. This method is expected to be used for the early detection of spillover effects of emerging technologies.

Suggested Citation

  • Hiroshi Someda & Takanori Akagi & Yuya Kajikawa, 2022. "An analysis of the spillover effects based on patents and inter-industrial transactions for an emerging blockchain technology," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(8), pages 4299-4314, August.
    • Handle: RePEc:spr:scient:v:127:y:2022:i:8:d:10.1007_s11192-022-04457-9
    DOI: 10.1007/s11192-022-04457-9
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11192-022-04457-9
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11192-022-04457-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Adam B. Jaffe & Manuel Trajtenberg & Rebecca Henderson, 1993. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(3), pages 577-598.
    2. Sharon Belenzon & Mark Schankerman, 2013. "Spreading the Word: Geography, Policy, and Knowledge Spillovers," The Review of Economics and Statistics, MIT Press, vol. 95(3), pages 884-903, July.
    3. Solon Moreira & Thiago J Soares, 2020. "Academic spill-ins or spill-outs? Examining knowledge spillovers of university patents," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 29(5), pages 1145-1165.
    4. Christian Helmers, 2019. "Choose the Neighbor before the House: Agglomeration Externalities in a UK Science Park," Journal of Economic Geography, Oxford University Press, vol. 19(1), pages 31-55.
    5. Bottazzi, Laura & Peri, Giovanni, 2003. "Innovation and spillovers in regions: Evidence from European patent data," European Economic Review, Elsevier, vol. 47(4), pages 687-710, August.
    6. Adam B. Jaffe & Gaétan de Rassenfosse, 2017. "Patent citation data in social science research: Overview and best practices," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 68(6), pages 1360-1374, June.
    7. Glenn Ellison & Edward L. Glaeser & William R. Kerr, 2010. "What Causes Industry Agglomeration? Evidence from Coagglomeration Patterns," American Economic Review, American Economic Association, vol. 100(3), pages 1195-1213, June.
    8. Kaiser, Ulrich, 2002. "Measuring knowledge spillovers in manufacturing and services: an empirical assessment of alternative approaches," Research Policy, Elsevier, vol. 31(1), pages 125-144, January.
    9. Jaffe, Adam B, 1986. "Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits, and Market Value," American Economic Review, American Economic Association, vol. 76(5), pages 984-1001, December.
    10. Hu, Yang & Hou, Yang (Greg) & Oxley, Les & Corbet, Shaen, 2021. "Does blockchain patent-development influence Bitcoin risk?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 70(C).
    11. Chan-Yuan Wong & Hon-Ngen Fung, 2017. "Science-technology-industry correlative indicators for policy targeting on emerging technologies: exploring the core competencies and promising industries of aspirant economies," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(2), pages 841-867, May.
    12. Jasjit Singh, 2005. "Collaborative Networks as Determinants of Knowledge Diffusion Patterns," Management Science, INFORMS, vol. 51(5), pages 756-770, May.
    13. Won-Sik Hwang & Jeong-Dong Lee, 2014. "Interindustry Knowledge Transfer and Absorption via Two Channels: The Case of Korea," Global Economic Review, Taylor & Francis Journals, vol. 43(2), pages 131-152, June.
    14. Bar, Talia & Leiponen, Aija, 2012. "A measure of technological distance," Economics Letters, Elsevier, vol. 116(3), pages 457-459.
    15. Lee, Gwanghoon, 2006. "The effectiveness of international knowledge spillover channels," European Economic Review, Elsevier, vol. 50(8), pages 2075-2088, November.
    16. Daniel K. N. Johnson, 2002. "The OECD Technology Concordance (OTC): Patents by Industry of Manufacture and Sector of Use," OECD Science, Technology and Industry Working Papers 2002/5, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anna M. Ferragina & Giulia Nunziante, 2018. "Are Italian firms performances influenced by innovation of domestic and foreign firms nearby in space and sectors?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 45(3), pages 335-360, September.
    2. Matthias Firgo & Peter Mayerhofer, 2015. "Wissens-Spillovers und regionale Entwicklung - welche strukturpolitische Ausrichtung optimiert des Wachstum?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 144, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    3. Rosina Moreno & Ernest Miguélez, 2012. "A Relational Approach To The Geography Of Innovation: A Typology Of Regions," Journal of Economic Surveys, Wiley Blackwell, vol. 26(3), pages 492-516, July.
    4. Keith Head & Yao Amber Li & Asier Minondo, 2019. "Geography, Ties, and Knowledge Flows: Evidence from Citations in Mathematics," The Review of Economics and Statistics, MIT Press, vol. 101(4), pages 713-727, October.
    5. Ernest Miguélez & Rosina Moreno, 2013. "Do Labour Mobility and Technological Collaborations Foster Geographical Knowledge Diffusion? The Case of European Regions," Growth and Change, Wiley Blackwell, vol. 44(2), pages 321-354, June.
    6. Tobias Schlegel & Curdin Pfister & Dietmar Harhoff & Uschi Backes-Gellner, 2022. "Innovation effects of universities of applied sciences: an assessment of regional heterogeneity," The Journal of Technology Transfer, Springer, vol. 47(1), pages 63-118, February.
    7. Miguélez, Ernest & Moreno, Rosina, 2015. "Knowledge flows and the absorptive capacity of regions," Research Policy, Elsevier, vol. 44(4), pages 833-848.
    8. Ernest Miguélez & Rosina Moreno, 2013. "“Mobility, networks and innovation: The role of regions’ absorptive capacity”," IREA Working Papers 201316, University of Barcelona, Research Institute of Applied Economics, revised Oct 2013.
    9. Matthias Firgo & Peter Mayerhofer, 2015. "Wissensintensive Unternehmensdienste, Wissens-Spillovers und regionales Wachstum. Teilprojekt 1: Wissens-Spillovers und regionale Entwicklung – Welche strukturpolitische Ausrichtung optimiert das Wach," WIFO Studies, WIFO, number 58342, April.
    10. Autant-Bernard, Corinne & Fadairo, Muriel & Massard, Nadine, 2013. "Knowledge diffusion and innovation policies within the European regions: Challenges based on recent empirical evidence," Research Policy, Elsevier, vol. 42(1), pages 196-210.
    11. Elvira Cerver-Romero & João J. Ferreira & Cristina Fernandes, 2020. "A scientometric analysis of knowledge spillover research," The Journal of Technology Transfer, Springer, vol. 45(3), pages 780-805, June.
    12. Richard Harris, 2011. "Models Of Regional Growth: Past, Present And Future," Journal of Economic Surveys, Wiley Blackwell, vol. 25(5), pages 913-951, December.
    13. Burak Dindaroglu, 2010. "Intra-Industry Knowledge Spillovers and Scientific Labor Mobility," Discussion Papers 10-01, University at Albany, SUNY, Department of Economics.
    14. Ernest Miguélez & Rosina Moreno, 2013. "Skilled labour mobility, networks and knowledge creation in regions: a panel data approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 51(1), pages 191-212, August.
    15. Sandro Mendonca & Hugo Confraria & Manuel Mira Godinho, 2021. "Appropriating the returns of patent statistics: Take-up and development in the wake of Zvi Griliches," SPRU Working Paper Series 2021-07, SPRU - Science Policy Research Unit, University of Sussex Business School.
    16. Schmidt, Tobias & Sofka, Wolfgang, 2009. "Knowledge sourcing: legitimacy deficits for MNC subsidiaries?," Discussion Paper Series 1: Economic Studies 2009,09, Deutsche Bundesbank.
    17. Peri, Giovanni, 2003. "Knowledge Flows, R&D Spillovers and Innovation," ZEW Discussion Papers 03-40, ZEW - Leibniz Centre for European Economic Research.
    18. Georg von Graevenitz & Stuart J. H. Graham & Amanda Myers, 2019. "Distance (Still) Hampers Diffusion of Innovations," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2019-05, Centre for Competition Policy, University of East Anglia, Norwich, UK..
    19. Ernest Miguele & Rosina Moreno, 2012. "Do labour mobility and networks foster geographical knowledge diffusion? The case of European regions," Working Papers XREAP2012-14, Xarxa de Referència en Economia Aplicada (XREAP), revised Jul 2012.
    20. Melody H. Chang, 2023. "Cascading innovation: R&D team design and performance implications of mobility," Strategic Management Journal, Wiley Blackwell, vol. 44(5), pages 1218-1253, May.

    More about this item

    Keywords

    Patent analysis; Technology spillover; Blockchain impact; Input–output table; Concordance table;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:scient:v:127:y:2022:i:8:d:10.1007_s11192-022-04457-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.