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The effect of patent laws on invention rates: Evidence from cross-country panels

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  • Chen, Qiang

Abstract

There has been surprisingly little statistical evidence about the effect of patent laws on invention rates in the literature. In this paper, two data sets of major invention counts for the US and 14 Western European countries during 1750-1950 and 1590-1900 respectively are used to assess this effect empirically in two cross-country panels. Using Poisson regressions and negative binomial regressions, both panels point to a significant positive effect of patent laws on invention rates, after controlling for each country's economy size. This result is robust in different specifications of cross-country fixed effects and/or random effects models, and after dropping the UK and the US from the sample. Journal of Comparative Economics 36 (4) (2008) 694-704.

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  • Chen, Qiang, 2008. "The effect of patent laws on invention rates: Evidence from cross-country panels," Journal of Comparative Economics, Elsevier, vol. 36(4), pages 694-704, December.
    • Handle: RePEc:eee:jcecon:v:36:y:2008:i:4:p:694-704
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    Cited by:

    1. Viju Raghupathi & Wullianallur Raghupathi, 2019. "Exploring science-and-technology-led innovation: a cross-country study," Journal of Innovation and Entrepreneurship, Springer, vol. 8(1), pages 1-45, December.
    2. Richman Jesse T., 2012. "The Political Economy of Congressional Patent Policymaking in the Late 20th Century," Review of Law & Economics, De Gruyter, vol. 8(1), pages 91-100, May.
    3. Yue Chen & Wentao Zhang & Xiangbin Yan & Jiahua Jin, 2020. "The life-cycle influence mechanism of the determinants of financing performance: an empirical study of a Chinese crowdfunding platform," Review of Managerial Science, Springer, vol. 14(1), pages 287-309, February.
    4. Pamela J. Smith & Sebastian J. Anti, 2022. "How does TRIPs compliance affect the economic growth of developing countries? Application of the Synthetic Control method," The World Economy, Wiley Blackwell, vol. 45(12), pages 3873-3906, December.
    5. Bronwyn H. Hall, 2020. "Patents, Innovation, and Development," NBER Working Papers 27203, National Bureau of Economic Research, Inc.

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