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Patents, Innovation and Growth

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  • Crosby, Mark

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? Copyright 2000 by The Economic Society of Australia.

Suggested Citation

  • Crosby, Mark, 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:255-62
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    Cited by:

    1. Edwin Goñi & William F. Maloney, 2014. "Why don’t Poor Countries do R&D?," DOCUMENTOS CEDE 011947, UNIVERSIDAD DE LOS ANDES-CEDE.
    2. Apanasovich, Natalja & Alcalde Heras, Henar & Parrilli, Mario Davide, 2016. "The impact of business innovation modes on SME innovation performance in post-Soviet transition economies: The case of Belarus," Technovation, Elsevier, vol. 57, pages 30-40.
    3. repec:spr:envpol:v:20:y:2018:i:1:d:10.1007_s10018-016-0180-3 is not listed on IDEAS
    4. Jalles, João Tovar, 2010. "How to measure innovation? New evidence of the technology-growth linkage," Research in Economics, Elsevier, vol. 64(2), pages 81-96, June.
    5. M. Dakhli & D. De Clercq, 2003. "Human Capital, Social Capital and Innovation: A Multi-Country Study," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/211, Ghent University, Faculty of Economics and Business Administration.
    6. Laura Diaconu, 2011. "The Role of Innovation for the Economic Growth and Development of the States. The Case of the Emerging Countries," ERSA conference papers ersa11p391, European Regional Science Association.
    7. Chen, Yongmin & Puttitanun, Thitima, 2005. "Intellectual property rights and innovation in developing countries," Journal of Development Economics, Elsevier, vol. 78(2), pages 474-493, December.
    8. Soogwan Doh & Edmund J. Zolnik, 2012. "Social capital and entrepreneurship: an empirical analysis of the role of social capital in self-employment," Chapters,in: Entrepreneurship, Social Capital and Governance, chapter 7, pages 160-191 Edward Elgar Publishing.
    9. repec:eee:eecrev:v:94:y:2017:i:c:p:126-147 is not listed on IDEAS
    10. Ozturk, Ayse, 2016. "Examining the economic growth and the middle-income trap from the perspective of the middle class," International Business Review, Elsevier, vol. 25(3), pages 726-738.
    11. Norman Sedgley & Bruce Elmslie, 2011. "Do We Still Need Cities? Evidence on Rates of Innovation from Count Data Models of Metropolitan Statistical Area Patents," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(1), pages 86-108, January.
    12. Qadri, Mubashar & Mamoon, Dawood, 2016. "Creating Shared Value: Social Capital as a Source to Drive Next Wave of Innovation for Socioeconomic Revenues," MPRA Paper 72554, University Library of Munich, Germany.
    13. 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.
    14. Sedgley, Norman & Elmslie, Bruce, 2010. "Reinterpreting the Jones critique: A time series approach to testing and understanding idea driven growth models with transitional dynamics," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 103-117, March.

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