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The Effects Of The Characteristics Of Korean Firms On The Patent Production Function

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  • Yoo-Jin Han
  • Won-Young Lee

Abstract

In this study, we estimate the input-output relationship between R&D investment and the number of patents granted to Korean firms by the US Patent and Trademark Office and the Korean Intellectual Property Office. Using pooled panel data and time-series data, we also examine the influence of the characteristics of the firms, viz. their export-orientation, the degree of foreign ownership and Chaebol-affiliation on the input-output relationship. It was found that the elasticities of US and Korean patents for R&D investment are 1.56 and 1.38, respectively. It was also shown that, in general, export-oriented firms, firms with higher foreign ownership and non-Chaebol firms have higher patent producing capability.

Suggested Citation

  • Yoo-Jin Han & Won-Young Lee, 2007. "The Effects Of The Characteristics Of Korean Firms On The Patent Production Function," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 16(4), pages 293-301.
    • Handle: RePEc:taf:ecinnt:v:16:y:2007:i:4:p:293-301
    DOI: 10.1080/10438590600740949
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    References listed on IDEAS

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    1. Jeroen de Jong & O'Shaughnessy & Patrick Vermeulen, 2003. "Innovation in SMEs: An Empirical Investigation of the Input-Throughput-Output-Performance Model," Scales Research Reports N200302, EIM Business and Policy Research.
    2. Zvi Griliches, 1984. "R&D, Patents, and Productivity," NBER Books, National Bureau of Economic Research, Inc, number gril84-1.
    3. Youngil Lim, 1999. "Technology and Productivity: The Korean Way of Learning and Catching Up," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262122219, April.
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    Cited by:

    1. Chia-Lin Chang & Sung-Po Chen & Michael McAleer, 2013. "Globalization and knowledge spillover: international direct investment, exports and patents," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 22(4), pages 329-352, June.
    2. Alfons Palangkaraya, 2010. "Patent Application Databases," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 43(1), pages 77-87, March.
    3. Egor Leonidovich Domnich, 2012. "The Scientific and Technological Reserve of the Far Eastern Federal District and the Northeast Asia Countries," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 3, pages 79-110.
    4. Gunno Park & Jina Kang, 2014. "Effect of Alliance Experience on New Alliance Formations and Internal R&D Capabilities," TEMEP Discussion Papers 2014119, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Sep 2014.

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