Patents and Economic Growth in the Long Term. A Quantitative Approach

José M. Ortiz-Villajos

Brussels Economic Review, 2009, vol. 52, issue 3/4, 305-340

Abstract: The work is a quantitative analysis on the relationship between technology and economic development from data on patents from over twenty countries from the beginning of the 19th century till the end of the twentieth century. The cross section regressions between patents and per capita income show a high correlation between both variables and allow the positive effect of technological innovation on economic development to be seen. The regressions between the time series of patent applications in Spain between 1826 and 1985 and some economic variables indicate in similar fashion that there is a positive correlation between both variables, especially between patents and Gross Fixed Capital Formation.

Keywords: Patent statistics; Technological Innovation; Economic Growth; Modern History; International Comparisons; Spain (search for similar items in EconPapers)
JEL-codes: N70 O30 O47 O57 (search for similar items in EconPapers)
Date: 2009
Note: Numéro Spécial « Vers une nouvelle histoire économique des brevets ?» Editeurs :Claude Diebolt et Karine Pellier
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