Does Patenting Increase the Private Incentives to Innovates ? A Microeconometric Analysis

Emmanuel Duguet and Claire Lelarge

No 2006-09, Working Papers from Center for Research in Economics and Statistics

Abstract: The role played by the patent system as an innovation incentive is at the center of an importantcurrent debate. The relevance of the patent system for the development of high-tech industries hasbeen put into question. This paper adds to the prior evidence by looking at the relationship betweenpatent rights and innovation performance in French manufacturing over the period 1997-1999. In orderto sort problems of endogeneity out, we use a structural model of research, innovation and patenting.In particular, since the type of innovation (product, process) may drive appropriability conditions, themodel takes this dimension into account. The empirical results are clear-cut: patents promotesignificantly product innovations but not process innovations. Similarly, the patent premium increaseswith the value of product innovations but is not directly affected by the value of process innovations.

Pages: 44
Date: 2006
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Does Patenting Increase the Private Incentives to Innovate? A Microeconometric Analysis (2012)
Working Paper: Does Patenting Increase the Private Incentives to Innovate? A Microeconometric Analysis (2012)
Working Paper: Does Patenting Increase the Private Incentives to Innovate? A Microeconometric Analysis (2004)
Working Paper: Does patenting increase the private incentives to innovate? A microeconometric analysis (2004)
Working Paper: Does patenting increase the private incentives to innovate? A microeconometric analysis (2004)
Working Paper: Does patenting increase the private incentives to innovate? A microeconometric analysis (2004)
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