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Reverse causality in the R&D – patents relationship: an interpretation of the innovation persistence

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  • Baraldi, Anna Laura
  • Cantabene, Claudia
  • Perani, Giulio

Abstract

Starting from the failure of the R&D-patents traditional relationship, when time-series and/or within industry dimensions are included in the empirical analysis, the present work tries to contribute to the empirical literature in two directions. Firstly, it perform a Granger causality test on the theoretical presumption of a reverse patents→R&D link as an explanation of the failure of the traditional relationship. Second, assuming the reverse patents-R&D causality, we test and interpret the lag structure of such a relationship as showing the effective patent life which firms expect in the two Schumpeterian patterns of innovations they belong to. To the light of the effective patent life, we offer a further explanation of innovation persistence which overturns the findings of the existing literature on persistence.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 47684.

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Date of creation: 01 May 2013
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Handle: RePEc:pra:mprapa:47684

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Keywords: R&D; patents; innovation persistence; Granger causality;

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References

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