
doi: 10.13043/dys.76.6
This paper presents empirical evidence on the impact of patents on economic growth, in 8 countries of Latin America during the period 1990-2011. A Cobb-Douglas production function type is estimated to quantify the effect and magnitude that have patents registered by residents and patents registered by non-residents, on the GDP, controlling by variables as gross capital formation and labor force. The empirical results show that there is a significant positive relationship in which long-run impact of the registered residents on GDP is smaller than patents registered by non-resident about 0.02%.
panel cointegration, resident patents, non resident patents, crecimiento económico, cointegración panel, panel unit root tests, patentes no residentes, production function, patentes residentes, función de producción, raíces unitarias panel, Economic growth
panel cointegration, resident patents, non resident patents, crecimiento económico, cointegración panel, panel unit root tests, patentes no residentes, production function, patentes residentes, función de producción, raíces unitarias panel, Economic growth
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