Patents, Innovations and Economic Growth in Japan and South Korea: Evidence from individual country and panel data
AbstractThis paper looks at the relationship between patents and economic growth in Japan and South Korea using both individual country and panel data. For the econometric estimation, we use annual data for 1963-2005. For Japan, we find that the logarithms of real GDP and the number of patents are cointegrated. For South Korea, we do find such evidence. For Japan, we find a two-way causality between the growth of real GDP and the growth of the number of patents. For panel data, we find that the logarithms of real GDP and the number of patents are cointegrated. We find some evidence that the growth of real GDP Granger causes the growth of the number of patents. However, we do not find any evidence of reverse causality.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 2547.
Date of creation: 21 Mar 2007
Date of revision:
patents; innovations; panel data;
Other versions of this item:
- 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.
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-04-09 (All new papers)
- NEP-HIS-2007-04-09 (Business, Economic & Financial History)
- NEP-INO-2007-04-09 (Innovation)
- NEP-IPR-2007-04-09 (Intellectual Property Rights)
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