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Desarrollo y Sociedad
Article . 2016 . Peer-reviewed
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Desarrollo y Sociedad
Article
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Patentes y crecimiento económico: ¿innovación de residentes o no residentes?

Authors: Campo Robledo, Jacobo; Herrera Saavedra, Juan Pablo;

Patentes y crecimiento económico: ¿innovación de residentes o no residentes?

Abstract

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%.

Keywords

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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    influence
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
6
Top 10%
Average
Average
Green
gold