IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v76y2000i234p255-262.html

Patents, Innovation and Growth

Author

Listed:
  • MARK CROSBY

Abstract

New growth theories emphasize the role played by innovation in promoting economic growth. Since it is difficult to quantify the amount of innovation undertaken in an economy, there is little available empirical evidence assessing the contribution made by innovation to growth, in contrast to abundant evidence on the role of physical capital accumulation in the growth process. In this paper patent data are used to proxy the amount of innovation undertaken in an economy. The patent data are used to explore two questions. First, how important is innovation to economic growth in Australia, and second, are reductions in innovations sourced in Australia offset by increases in foreign sourced innovations in Australia?

Suggested Citation

  • Mark Crosby, 2000. "Patents, Innovation and Growth," The Economic Record, The Economic Society of Australia, vol. 76(234), pages 255-262, September.
    • Handle: RePEc:bla:ecorec:v:76:y:2000:i:234:p:255-262
    DOI: 10.1111/j.1475-4932.2000.tb00021.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.2000.tb00021.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.2000.tb00021.x?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
    ---><---

    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. repec:fth:harver:1473 is not listed on IDEAS
    4. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 287-343, National Bureau of Economic Research, Inc.
    5. Sam Strong & Siew Ping Tan, 1991. "The Australian Business Cycle: Its Definition and Existence," The Economic Record, The Economic Society of Australia, vol. 67(2), pages 115-125, June.
    6. repec:bla:ecorec:v:67:y:1991:i:197:p:115-25 is not listed on IDEAS
    7. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    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. Kumar, Sanjesh & Singh, Baljeet, 2019. "Barriers to the international diffusion of technological innovations," Economic Modelling, Elsevier, vol. 82(C), pages 74-86.
    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. Alfredo Monte & Sara Moccia & Luca Pennacchio, 2022. "Regional entrepreneurship and innovation: historical roots and the impact on the growth of regions," Small Business Economics, Springer, vol. 58(1), pages 451-473, January.
    4. Proksch, Dorian & Haberstroh, Marcus Max & Pinkwart, Andreas, 2017. "Increasing the national innovative capacity: Identifying the pathways to success using a comparative method," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 256-270.
    5. Matthias Firgo & Peter Mayerhofer, 2015. "Wissensintensive Unternehmensdienste, Wissens-Spillovers und regionales Wachstum. Teilprojekt 1: Wissens-Spillovers und regionale Entwicklung – Welche strukturpolitische Ausrichtung optimiert das Wachstum?," WIFO Studies, WIFO, number 58342.
    6. Grafström, Jonas, 2017. "An Econometric Analysis of Divergence of Renewable Energy Invention Efforts in Europe," Ratio Working Papers 295, The Ratio Institute.
    7. Sakiru Adebola Solarin & Yuen Yee Yen, 2016. "A global analysis of the impact of research output on economic growth," Scientometrics, Springer;Akadémiai Kiadó, vol. 108(2), pages 855-874, August.
    8. Jin Guo, 2015. "On the spillovers between patents and innovation in Japan," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 39(3), pages 590-605, July.
    9. David B. Audretsch & Erik E. Lehmann, 2022. "The knowledge spillover theory of entrepreneurship," Chapters, in: Cristiano Antonelli (ed.), Elgar Encyclopedia on the Economics of Knowledge and Innovation, chapter 39, pages 317-324, Edward Elgar Publishing.
    10. Maurseth, Per Botolf, 2001. "Convergence, geography and technology," Structural Change and Economic Dynamics, Elsevier, vol. 12(3), pages 247-276, September.
    11. Parteka, Aleksandra & Kordalska, Aleksandra, 2023. "Artificial intelligence and productivity: global evidence from AI patent and bibliometric data," Technovation, Elsevier, vol. 125(C).
    12. Grafström, Jonas & Jaunky, Vishal, 2017. "Convergence of Incentive Capabilities within the European Union," Ratio Working Papers 301, The Ratio Institute.
    13. Elias Soukiazis & Túlio Cravo, 2008. "Human Capital and the Convergence Process Among Countries," Review of Development Economics, Wiley Blackwell, vol. 12(1), pages 124-142, February.
    14. David Audretsch & Marcel Hülsbeck & Erik Lehmann, 2012. "Regional competitiveness, university spillovers, and entrepreneurial activity," Small Business Economics, Springer, vol. 39(3), pages 587-601, October.
    15. Rana P. Maradana & Rudra P. Pradhan & Saurav Dash & Kunal Gaurav & Manju Jayakumar & Debaleena Chatterjee, 2017. "Does innovation promote economic growth? Evidence from European countries," Journal of Innovation and Entrepreneurship, Springer, vol. 6(1), pages 1-23, December.
    16. Yang, Chih-Hai, 2006. "Is innovation the story of Taiwan's economic growth?," Journal of Asian Economics, Elsevier, vol. 17(5), pages 867-878, November.
    17. Luo, Yusen & Lu, Zhengnan & Long, Xingle, 2020. "Heterogeneous effects of endogenous and foreign innovation on CO2 emissions stochastic convergence across China," Energy Economics, Elsevier, vol. 91(C).
    18. Mirja Meyborg, 2011. "The Impact of FDI on Innovation and Networking Activity in Central and Eastern Europe - A Patent Analysis," ERSA conference papers ersa10p1362, European Regional Science Association.
    19. Benos, Nikos & Karagiannis, Stelios & Karkalakos, Sotiris, 2015. "Proximity and growth spillovers in European regions: The role of geographical, economic and technological linkages," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 124-139.
    20. Segerstrom, Paul, 1996. "Lecture Notes on Knowledge and Human Capital in the New Growth Theory," Working Paper Series 475, Research Institute of Industrial Economics.

    More about this item

    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:bla:ecorec:v:76:y:2000:i:234:p:255-262. 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: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    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.