Cross-border Patenting, Globalization, and Development

Jesse LaBelle, Inmaculada Martínez-Zarzoso, Ana Maria Santacreu and Yoto Yotov

No 2023-031, Working Papers from Federal Reserve Bank of St. Louis

Abstract: We build a quantitative model that captures the relationships between cross-border patenting, globalization, and development. Our theory delivers a ‘structural gravity’ equation for cross-border patents. To test the model’s predictions, we compile a new dataset that tracks patents within and between countries and industries over time. The econometric analysis reveals a strong, positive impact of policy and globalization on cross-border patent flows between 1995 and 2018, especially from North to South. A counterfactual analysis shows these North-to-South flows benefited both regions, with larger gains in the South, especially after 2000, thus reducing global income inequality.

Keywords: cross-border patents; gravity; policy; globalization; development (search for similar items in EconPapers)
JEL-codes: F63 O14 O33 O34 (search for similar items in EconPapers)
Pages: 82 pages
Date: 2023-12, Revised 2024-06
New Economics Papers: this item is included in nep-his, nep-ifn, nep-ino, nep-int, nep-ipr, nep-tid and nep-ure
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Related works:
Working Paper: Cross-Border Patenting, Globalization, and Development (2023)
Working Paper: Cross-border Patenting, Globalization, and Development (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlwp:97470

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DOI: 10.20955/wp.2023.031

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