International patenting decisions: empirical evidence with Spanish firms
Pilar Beneito (),
María Engracia Rochina-Barrachina and
Amparo Sanchis-Llopis ()
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María Engracia Rochina-Barrachina: University of Valencia and ERICES
Authors registered in the RePEc Author Service: Maria Engracia Rochina Barrachina
Economia Politica: Journal of Analytical and Institutional Economics, 2018, vol. 35, issue 2, No 13, 579-599
Abstract This paper analyses the determinants of firms’ decisions to patent abroad. We use data spanning 2005–2013 of Spanish firms from PITEC, a panel database carried out by the INE (The National Statistics Institute). We focus on patenting firms and consider that firms’ decisions to apply for patents in foreign patent offices may be driven by two kinds of motivations: first, to exploit the patent in international markets where there is potential demand for the invention and, second, to protect the invention abroad when the quality of the invention is high enough. In the first case we refer to market-driven determinants and, in the second case, to innovation type-driven determinants. We empirically analyse these factors using information on firms’ sales in different geographic international markets, and also indicators of the quality and scope of the innovations. We distinguish among EPO, USPTO and PTC patents, and estimate, first, a multivariate probit model to determine the factors underlying the decision to apply for patents in these foreign offices. Second, we estimate a multivariate model to explain the shares of patent applications in each one of the offices.
Keywords: International patenting; Market-driven determinants; Innovation type-driven determinants; Firm-level data; Multivariate models (search for similar items in EconPapers)
JEL-codes: D22 C30 O34 (search for similar items in EconPapers)
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