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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, July.
    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, December.
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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. 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.
    3. 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.
    4. 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.

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