Cross-border Patenting, Globalization, and Development

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

No 2023-7, School of Economics Working Paper Series from LeBow College of Business, Drexel University

Abstract: We build a stylized model that captures the relationships between cross-border patenting, globalization, and development. A byproduct of our theory is a gravity equation for cross-border patents. To test the model’s predictions, we compile a new comprehensive dataset that tracks patents within and between countries and industries, for 1980-2019. The econometric analysis reveals a strong, positive impact of policy and globalization on cross-border patent flows, especially from rich (North) to poor (South) countries. A counterfactual welfare analysis suggests that the increase in patent flows from North to South has benefited both regions, with South gaining more than North post-2000, thus lowering real income inequality in the world.

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: 69 pages
Date: 2023-12-15
New Economics Papers: this item is included in 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 (2024)
Working Paper: Cross-Border Patenting, Globalization, and Development (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:drxlwp:2023_007

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