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Analysis of the Growth in the Number of Patents Granted and Its Effect over the Level of Growth of the Countries: An Econometric Estimation of the Mixed Model Approach

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  • Rolando Rubilar-Torrealba

    (Departamento de Ciencias Económicas y Administrativas, Facultad de Ciencias Jurídicas, Económicas y Administrativas, Universidad Católica de Temuco, Temuco 4810302, Chile
    These authors contributed equally to this work.)

  • Karime Chahuán-Jiménez

    (Centro de Investigación en Negocios y Gestión Empresarial, Escuela de Auditoría, Facultad de Ciencias Económicas y Administrativas, Universidad de Valparaíso, Valparaíso 2362735, Chile
    These authors contributed equally to this work.)

  • Hanns de la Fuente-Mella

    (Escuela de Comercio, Facultad de Ciencias Económicas y Administrativas, Pontificia Universidad Católica de Valparaíso, Valparaíso 2340031, Chile
    These authors contributed equally to this work.)

Abstract

The purpose of this paper is to identify and measure the impact of the variables affecting the increase in the number of patents as a way to advance the development of policies in countries in terms of sustainable development based on innovation. An econometric estimation of a mixed model was used to measure the impact of patent development on the countries analyzed in this research. The findings suggest that economies that have some relevance in research and development have increasing numbers of patents. Thus, the empirical findings relate to the theoretical models that state that comparative advantages may be dynamic due to technological innovation. Finally, this paper shows that innovation is a central parameter to engage in research and develop a knowledge-based economy.

Suggested Citation

  • Rolando Rubilar-Torrealba & Karime Chahuán-Jiménez & Hanns de la Fuente-Mella, 2022. "Analysis of the Growth in the Number of Patents Granted and Its Effect over the Level of Growth of the Countries: An Econometric Estimation of the Mixed Model Approach," Sustainability, MDPI, vol. 14(4), pages 1-12, February.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:4:p:2384-:d:753342
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    2. Graziela Salvan Cerveira & Jorge Lima de Magalhães & Adelaide Maria de Souza Antunes, 2022. "Status and Trends of Membrane Technology for Wastewater Treatment: A Patent Analysis," Sustainability, MDPI, vol. 14(21), pages 1-16, October.

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