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Trends and volatilities in foreign patents registered in the USA

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  • Felix Chan
  • Dora Marinova
  • Michael McAleer

Abstract

This study analyses the patent trends and volatilities for the top 12 foreign patenting countries in the US market from 1975 to 1997. Japan is ranked first in terms of foreign patents registered in the USA, followed by Germany. Patent registrations from each of these countries have increased steadily over time, but at different rates. Using monthly time series data for 1975-1997, the time-varying volatility of Australian, Japanese and German patents registered in the USA is examined in detail. The asymmetric AR(1)-GJR(1,1) model is found to be suitable for Australia and Japan, while the best fitting model for Germany is the symmetric AR(1)-GARCH(1,1) model.

Suggested Citation

  • Felix Chan & Dora Marinova & Michael McAleer, 2004. "Trends and volatilities in foreign patents registered in the USA," Applied Economics, Taylor & Francis Journals, vol. 36(6), pages 585-592.
    • Handle: RePEc:taf:applec:v:36:y:2004:i:6:p:585-592
    DOI: 10.1080/0003684042000217625
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    Cited by:

    1. Bedford, Anna & Ma, Le & Ma, Nelson & Vojvoda, Kristina, 2022. "Australian innovation: Patent database construction and first evidence," Pacific-Basin Finance Journal, Elsevier, vol. 73(C).
    2. Suhejla Hoti & Michael McAleer, 2006. "How Does Country Risk Affect Innovation? An Application To Foreign Patents Registered In The Usa," Journal of Economic Surveys, Wiley Blackwell, vol. 20(4), pages 691-714, September.
    3. Dora Marinova & Michael McAleer, 2002. "Trends and volatility in Japanese patenting in the USA: An analysis of the electronics and transport industries," Scientometrics, Springer;Akadémiai Kiadó, vol. 55(2), pages 171-187, August.

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