EconPapers    
Economics at your fingertips  
 

The importance (or not) of patents to UK firms

Bronwyn Hall

No 410, National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research

Abstract: A surprisingly small number of innovative firms use the patent system. In the UK, the share of firms patenting among those reporting that they have innovated is about 4%. Survey data from the same firms support the idea that they do not consider patents or other forms of registered IP as important as informal IP for protecting inventions. We show that there are a number of explanations for these findings: most firms are SMEs, many innovations are new to the firm, but not to the market, and many sectors are not patent active. We find evidence pointing to a positive association between patenting and innovative performance measured as turnover due to innovation, but not between patenting and subsequent employment growth. The analysis relies on a new integrated dataset for the UK that combines a range of data sources into a panel at the enterprise level.

Keywords: patents; innovation; UK (search for similar items in EconPapers)
JEL-codes: L21 L25 O34 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-cse, nep-ent, nep-ino, nep-ipr, nep-pr~, nep-sbm and nep-tid
Date: 2013-05
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (12) Track citations by RSS feed

Downloads: (external link)
http://www.niesr.ac.uk/sites/default/files/publications/dp410.pdf

Related works:
Journal Article: The importance (or not) of patents to UK firms (2013) Downloads
Working Paper: The Importance (or not) of Patents to UK Firms (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nsr:niesrd:11449

Access Statistics for this paper

More papers in National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research 2 Dean Trench Street Smith Square London SW1P 3HE. Contact information at EDIRC.
Series data maintained by Library & Information Manager ().

 
Page updated 2018-03-25
Handle: RePEc:nsr:niesrd:11449