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A Policy Insight into the R&D-Patent Relationship

  • de Rassenfosse, Gaétan
  • van Pottelsberghe de la Potterie, Bruno

This paper investigates whether patent counts can be taken as indicators of macroeconomic innovation performance. The empirical model explicitly accounts for the two components of patenting output: research productivity and patent propensity. The empirical analysis aims at explaining the `correct' number of priority filings in 34 countries. It confirms that the two components play a substantial role as witnessed by the impact of the design of several policies, namely education, intellectual property and science and technology policies. A major policy implication relates to the design of patent systems, which ultimately induces, or allows for, aggressive patenting strategies.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 6716.

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Date of creation: Feb 2008
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Handle: RePEc:cpr:ceprdp:6716
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