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“Wacky” patents meet economic indicators

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  • Czarnitzki, Dirk
  • Hussinger, Katrin
  • Schneider, Cédric

Abstract

We investigate whether standard indicators can distinguish between “wacky” patents and a control group. Forward citations are good predictors of importance. However, “wacky” patents have higher originality, generality and citation lags, suggesting that these indicators should be interpreted carefully.

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  • Czarnitzki, Dirk & Hussinger, Katrin & Schneider, Cédric, 2011. "“Wacky” patents meet economic indicators," Economics Letters, Elsevier, vol. 113(2), pages 131-134.
    • Handle: RePEc:eee:ecolet:v:113:y:2011:i:2:p:131-134
    DOI: 10.1016/j.econlet.2011.06.011
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    4. Dirk Czarnitzki & Cindy Lopes-Bento, 2014. "Innovation Subsidies: Does the Funding Source Matter for Innovation Intensity and Performance? Empirical Evidence from Germany," Industry and Innovation, Taylor & Francis Journals, vol. 21(5), pages 380-409, July.
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    8. Elizabeth Webster & Paul H. Jensen & Alfons Palangkaraya, 2014. "Patent examination outcomes and the national treatment principle," RAND Journal of Economics, RAND Corporation, vol. 45(2), pages 449-469, June.
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    More about this item

    Keywords

    Patents; Patent indicators; Quality measurement;
    All these keywords.

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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