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Types of patents and driving forces behind the patent growth in China

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  • Chen, Zhiyuan
  • Zhang, Jie

Abstract

As a developing economy, China's unprecedented patenting surge is puzzling. We study China's patent surge and its driving forces using a novel and comprehensive merged dataset on patent applications filed by Chinese firms. We find that R&D investment, FDI, and patent subsidy have different effects on different types of patents. First, R&D investment has a positive and significant impact on patenting activities for all types of patents under different model specifications. Second, the stimulating effect of foreign direct investment on patent applications is only robust for utility model patents and design patents. Third, the patent subsidy only has a positive impact on design patents. The results imply that FDI and patent subsidy may disproportionately spur low-quality patents.

Suggested Citation

  • Chen, Zhiyuan & Zhang, Jie, 2019. "Types of patents and driving forces behind the patent growth in China," Economic Modelling, Elsevier, vol. 80(C), pages 294-302.
    • Handle: RePEc:eee:ecmode:v:80:y:2019:i:c:p:294-302
    DOI: 10.1016/j.econmod.2018.11.015
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    Cited by:

    1. Zhiyuan Chen & Minjie Deng & Min Fang, 2022. "Financing Innovation with Innovation," Working Papers 002004, University of Florida, Department of Economics.
    2. Zhangsheng Liu & Liuqingqing Yang & Liqin Fan, 2021. "Induced Effect of Environmental Regulation on Green Innovation: Evidence from the Increasing-Block Pricing Scheme," IJERPH, MDPI, vol. 18(5), pages 1-15, March.
    3. Ma, Ding & Yu, Qian & Li, Jing & Ge, Mengni, 2021. "Innovation diffusion enabler or barrier: An investigation of international patenting based on temporal exponential random graph models," Technology in Society, Elsevier, vol. 64(C).
    4. Su, Kun & Wu, Ji & Lu, Yue, 2022. "With trust we innovate: Evidence from corporate R&D expenditure," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    5. Boeing, Philipp & Mueller, Elisabeth, 2019. "Measuring China's patent quality: Development and validation of ISR indices," China Economic Review, Elsevier, vol. 57(C).
    6. Liu, Weiwei & Song, Yifan & Bi, Kexin, 2021. "Exploring the patent collaboration network of China's wind energy industry: A study based on patent data from CNIPA," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    7. Chen, Zhiyuan & Zhang, Jie & Zi, Yuan, 2021. "A cost-benefit analysis of R&D and patents: Firm-level evidence from China," European Economic Review, Elsevier, vol. 133(C).
    8. Hu, Jiangfeng & Pan, Xinxin & Huang, Qinghua, 2020. "Quantity or quality? The impacts of environmental regulation on firms’ innovation–Quasi-natural experiment based on China's carbon emissions trading pilot," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
    9. Yanyang Yan & Juan Wang & Sijia Qiao, 2022. "Effects of Industrial Policy on Firms’ Innovation Outputs: Evidence From China," SAGE Open, , vol. 12(3), pages 21582440221, September.
    10. Junjun Hou & Ya Hou & Zijin Li, 2022. "Patent disclosure strategies of companies participating in standard setting: Based on government regulation perspective," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3987-3995, December.
    11. Julius Tan Gonzales, 2023. "Implications of AI innovation on economic growth: a panel data study," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 12(1), pages 1-37, December.
    12. Thomas Scherngell & Charlotte Rohde & Martina Neuländtner, 2020. "The dynamics of global R&D collaboration networks in ICT: Does China catch up with the US?," PLOS ONE, Public Library of Science, vol. 15(9), pages 1-17, September.
    13. Jonathan Eberle & Philipp Boeing, 2019. "Effects of R&D subsidies on regional economic dynamics: Evidence from Chinese provinces," Working Papers on Innovation and Space 2019-03, Philipps University Marburg, Department of Geography.
    14. Jingwen Sun & Jie Zhang, 2024. "Digital Financial Inclusion and Innovation of MSMEs," Sustainability, MDPI, vol. 16(4), pages 1-18, February.
    15. Cai, Helen (Huifen) & Sarpong, David & Tang, Xiaoyun & Zhao, Guiqin, 2020. "Foreign patents surge and technology spillovers in China (1985–2009): Evidence from the patent and trade markets," Technological Forecasting and Social Change, Elsevier, vol. 151(C).
    16. Wen Yue, 2022. "Foreign direct investment and the innovation performance of local enterprises," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-9, December.
    17. Zhao, Long, 2022. "On the grant rate of Patent Cooperation Treaty applications: Theory and evidence," Economic Modelling, Elsevier, vol. 117(C).
    18. Dong, Zhixiao & Miao, Zhuang & Zhang, Yan, 2021. "The impact of China’s outward foreign direct investment on domestic innovation," Journal of Asian Economics, Elsevier, vol. 75(C).
    19. Dai, Shangze & Fan, Fei & Zhang, Keke, 2022. "Creative Destruction and Stock Price Informativeness in Emerging Economies," MPRA Paper 113661, University Library of Munich, Germany.
    20. Hong-Wen Tsai & Hui-Chung Che, 2023. "Industry Difference on Patent Drawing’s Capability for Differentiating Stock Rates of Return of Chinese Listed Companies in Non-Manufacturing Industry Sectors -- An Explore into Invention Publication ," Bulletin of Applied Economics, Risk Market Journals, vol. 10(1), pages 21-67.
    21. Ma, Yanxin & Li, Shimei & Zhou, Liying, 2024. "Why are enterprises willing to assume social responsibility? Answers from the perspective of innovation," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 188-198.
    22. Hong-Wen Tsai & Hui-Chung Che, 2022. "Patent Claim's Impact on Stock Return Rate Based on China Stock Market's Empirical Study," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 15(1), pages 27-46, July.
    23. Daniel de Cerqueira Lima e Penalva Santos & Juliana Berendt Ihler & Laene Oliveira Soares & Yana Amaral Alves & Cristina Gomez Souza & Ronney Arismel Mancebo Boloy, 2022. "Global Trends and Opportunities in Hybrid Microgrid Systems Using Renewable Energies," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 263-273, July.
    24. FABIANI Josefina & SOGUERO ESCUER Jorge & CALZA Elisa & DUNKER Cesare & DE PRATO Giuditta, 2024. "Strategic Insights into the EU's Advanced Manufacturing Industry: Trends and Comparative Analysis," JRC Research Reports JRC139092, Joint Research Centre.

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