The determinants of international patenting decisions of Spanish firms

Pilar Beneito, Mari´a E. Rochina-Barrachina and Amparo Sanchis-Llopis
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Mari´a E. Rochina-Barrachina: Department of Economic Structure, University of Valencia, Avda. dels Tarongers s/n, 46022 Valencia (Spain).
Authors registered in the RePEc Author Service: Maria Engracia Rochina Barrachina

No 1708, Working Papers from Department of Applied Economics II, Universidad de Valencia

Abstract: This paper analyses the determinants of firms’ decisions to patent abroad. We use dataspanning 2005-2013 of Spanish firms from PITEC, a panel database carried out by theINE (The National Statistics Institute). We focus on patenting firms and consider thatfirms’ decisions to apply for patents in foreign patent offices may be driven by twokinds of motivations: first, to exploit the patent in international markets where there ispotential demand for the invention and, second, to protect the invention abroad whenthe quality of the invention is high enough. In the first case we refer to market-drivendeterminants and, in the second case, to innovation type-driven determinants. Weempirically analyse these factors using information on firms’ sales in differentgeographic international markets, and also indicators of the quality and scope of theinnovations. We distinguish among EPO, USPTO and PTC patents, and estimate, first,a multivariate probit model to determine the factors underlying the decision to apply forpatents in these foreign offices. Second, we estimate a multivariate model to explain theshares of patent applications in each one of the offices.

Keywords: international patenting; innovative firms; multivariate probit (search for similar items in EconPapers)
Date: 2017-08
New Economics Papers: this item is included in nep-ino, nep-ipr, nep-sbm and nep-tid
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