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Patents and Economic Growth in the Long Term. A Quantitative Approach

Author

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  • José M Ortiz-Villajos

Abstract

The work is a quantitative analysis on the relationship between technology and economic development from data on patents from over twenty countries from the beginning of the 19th century till the end of the twentieth century. The cross section regressions between patents and per capita income show a high correlation between both variables and allow the positive effect of technological innovation on economic development to be seen. The regressions between the time series of patent applications in Spain between 1826 and 1985 and some economic variables indicate in similar fashion that there is a positive correlation between both variables, especially between patents and Gross Fixed Capital Formation.

Suggested Citation

  • José M Ortiz-Villajos, 2009. "Patents and Economic Growth in the Long Term. A Quantitative Approach," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 52(3/4), pages 305-340.
    • Handle: RePEc:bxr:bxrceb:2013/80763
    Note: Numéro Spécial « Vers une nouvelle histoire économique des brevets ?» Editeurs :Claude Diebolt et Karine Pellier
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    Citations

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    Cited by:

    1. Tran Dinh Phung & Vo Thi Thuy Van & Trinh Thi Huyen Thuong & Nguyen Tran Thai Ha, 2019. "Innovation and Economic Growth: The Contribution of Institutional Quality and Foreign Direct Investment," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(11), pages 1266-1278, November.

    More about this item

    Keywords

    Patent statistics; Technological Innovation; Economic Growth; Modern History; International Comparisons; Spain;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

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