The Long-run Relationships between Number of Patents and Economic Growth
European Research Studies Journal, 2020, vol. XXIII, issue 3, 548-563
Purpose: The aim of the article was to determine whether there was a long-term relationship between the level of economic growth and development of Germany and the number of granted patents and the so-called valuable patents. The empirical analysis was based on available statistical data for the period of 1872–1913. Econometric methods were used, including stationary test using ADF and KPSS tests, Johansen cointegration test. Findings: The research results showed that all analysed time series were non-stationary, and were integrated of order I(1). The Johansen’s test results excluded any long-term relationship between the growth and economic development of Germany, and the number of granted patents, including valuable patents. Practical Implications: The adoption of the patent law by the Reichstag (1877) was an important step in the protection of intellectual property of the united Germany, so it was reasonable to determine whether there was a correlation between the analysed variables. The hypotheses about long-term interdependence could not be confirmed, which may have an impact on further studies of the factors of economic growth in the Second German Reich. Originality/Value: It was particularly important to examine whether the number of granted patents (including valuable patents) had a positive effect on Germany’s long-term economic growth and development (and the other way around). The obtained results are an extension of the author’s research to date, in this respect by providing some contribution to the development of cliometrics (not very popular in Europe). The research results will allow, in the next stage, to further search for determinants of Germany’s economic growth, including determining interdependence in the short term, using the impulse response function.
Keywords: Cliometrics; Johansen test; economic growth (and development) of the German Reich; patents. (search for similar items in EconPapers)
JEL-codes: A12 N13 O47 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxiii:y:2020:i:3:p:548-563
Access Statistics for this article
More articles in European Research Studies Journal from European Research Studies Journal
Bibliographic data for series maintained by Marios Agiomavritis ( this e-mail address is bad, please contact ).