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Influence of Research and Development Expenditures on Number of Patent Aplications: Selected Case Studies in OECD countries and Central Europe, 1981-2001

Author

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  • Prodan, I.

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Abstract

Investment in R&D encourages innovation, which in turn, spurs economic growth. This paper presents a model to test whether that the number of patent applications is dependent on R&D expenditure, especially R&D expenditure in the business sector. This paper shows: 1) that a strong positive correlation exists between R&D expenditure and patent applications, 2) that R&D investment creates patent applications with a time-lag, which is different from country to country, 3) that the number of patent applications in developed countries depends more on R&D expenditure in the business sector than on R&D gross domestic expenditure.

Suggested Citation

  • Prodan, I., 2005. "Influence of Research and Development Expenditures on Number of Patent Aplications: Selected Case Studies in OECD countries and Central Europe, 1981-2001," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 5(4).
  • Handle: RePEc:eaa:aeinde:v:5:y:2005:i:4_1
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    File URL: http://www.usc.es/economet/reviews/aeid541.pdf
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    References listed on IDEAS

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    1. Dosi, Giovanni, 1988. "Sources, Procedures, and Microeconomic Effects of Innovation," Journal of Economic Literature, American Economic Association, vol. 26(3), pages 1120-1171, September.
    2. Timmer, Marcel P., 2003. "Technological development and rates of return to investment in a catching-up economy: the case of South Korea," Structural Change and Economic Dynamics, Elsevier, vol. 14(4), pages 405-425, December.
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    Citations

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    Cited by:

    1. Jacob Greenspon & Erika Rodigues, 2017. "Are Trends in Patenting Reflective of Innovative Activity in Canada?," CSLS Research Reports 2017-02, Centre for the Study of Living Standards.
    2. Agénor, Pierre-Richard & Neanidis, Kyriakos C., 2015. "Innovation, public capital, and growth," Journal of Macroeconomics, Elsevier, vol. 44(C), pages 252-275.
    3. Guisan, M.Carmen & Cancelo, M.Teresa, 2006. "Indicadores de producción científica en Economía, Ciencia y Tecnología: Análisis Comparativo de España y Europa, 2001-2006," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 6(2).
    4. Akhmat, Ghulam & Zaman, Khalid & Shukui, Tan & Javed, Yasir & Khan, Muhammad Mushtaq, 2014. "Relationship between educational indicators and research outcomes in a panel of top twenty nations: Windows of opportunity," Journal of Informetrics, Elsevier, vol. 8(2), pages 349-361.
    5. Pop Silaghi, Monica Ioana & Alexa, Diana & Jude, Cristina & Litan, Cristian, 2014. "Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation," Economic Modelling, Elsevier, vol. 36(C), pages 108-119.
    6. 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.
    7. repec:fan:efeefe:v:html10.3280/efe2016-002006 is not listed on IDEAS
    8. Falk Strotebeck, 2014. "Running with the pack? The role of Universities of applied science in a German research network," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 34(2), pages 139-156, October.
    9. Koutroumpis, Pantelis & Leiponen, Aija & Thomas, Llewellyn D W, 2017. "The Young, the Old and the Innovative: The Impact of R&D on Firm Performance in ICT versus Other Sectors," ETLA Working Papers 51, The Research Institute of the Finnish Economy.

    More about this item

    Keywords

    R&D; Patents; Expenditure;

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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