|
on Intellectual Property Rights |
| By: | Nishimura, Junichi; Okamuro, Hiroyuki |
| Abstract: | R&D consortia (collaborative R&D projects among private firms, universities, and public research institutes) have been attracting increasing attention as an effective means of promoting innovation. Especially for SMEs, such collaboration provides important opportunities to access and obtain advanced scientific knowledge generated by universities and public research institutes. It is expected that not only the participants in R&D consortia will enhance their performance, through direct knowledge spillovers, but also that the business partners of consortia members may enjoy indirect effects (rent spillovers), through their business transactions. This paper empirically examines the spillover effects through government-sponsored R&D consortia using firm-level data and the propensity score method. Focusing on a major support program for R&D consortia in Japan, the “Consortium R&D Project for Regional Revitalization” by METI, we confirm that there are both direct (knowledge) spillover effects from firms’ participation in this program and indirect (rent) spillover effects on the customer firms of the consortia members. Moreover, by comparing SMEs and large firms, we find that only SMEs obtain knowledge spillovers in R&D consortia, whereas, among their customers, only large firms enjoy rent spillovers. |
| Keywords: | R&D consortia, business transaction, knowledge spillover, rent spillover, SME, policy evaluation |
| JEL: | H25 L53 O32 O38 |
| Date: | 2013–01 |
| URL: | http://d.repec.org/n?u=RePEc:hit:cinwps:24&r=ipr |
| By: | Reinhilde Veugelers |
| Abstract: | Highlights â?¢ Research and development spending has risen rapidly in Asia, particularly in China, which is now the worldâ??s second R&D spender behind the United States.The increase in Korean and Chinese patent applications has been even more rapid, but Chinese patenting for exploitation on the main markets for innovation(the European Union, Japan and the US) is still marginal. â?¢ Asia's increased innovation spending is most prominently related to information and communication technologies. Overall, the Chinese and Korean economies are still not specialised in knowledge-intensive goods and services.Furthermore, China in particular is not (so far) capturing much value from its role as a manufacturer and exporter of high-tech goods; China remains mostly an assembler of goods, the value of which is created elsewhere. â?¢ It would be wrong to ignore China's innovation potential on the basis of its current performance. Its clear innovation ambitions are likely to drive its future growth. â?¢ Europe is struggling much more than the US to retain its place at the global innovation table. The EU should use Asiaâ??s capacity building in innovation as an opportunity for value capture. Reinhilde Veugelers (reinhilde.veugelers@bruegel.org) is a Senior Fellow at Bruegel. Research assistance from Francesca Barbiero is gratefully acknowledged. |
| Date: | 2013–02 |
| URL: | http://d.repec.org/n?u=RePEc:bre:polcon:766&r=ipr |
| By: | Michele Battisti (University of Palermo, CeLEG LUISS Guido Carli and RCEA); Filippo Belloc (“G. d'Annunzio” University); Massimo Del Gatto (“G. d'Annunzio” University and CRENoS) |
| Abstract: | We use a panel of European firms to investigate the relationship between intangible assets and productivity. We disentangle between tfp and technology adoption, while available studies so far have considered only a notion of productivity conflating the two effects. To this aim, we estimate production function parameters allowing, within each sector, for the existence of multiple technologies. We find that intangible assets both push the firm towards better technologies (technology adoption effects) and allow for a more efficient exploitation of a given technology (tfp effects). |
| Keywords: | TFP, Intangible Assets, Heterogeneity, Firm Selection, Technology Adoption, Mixture Models |
| JEL: | C29 D24 F12 O32 |
| Date: | 2012–12 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2012.98&r=ipr |
| By: | Ugur, Mehmet |
| Abstract: | The aim of this paper is to investigate the relationship between market power, governance and patenting activity in a sample of 25 OECD countries from 1988-2007. Controlling for a wide range of innovation predictors, we report that governance quality is related positively with patenting activity in the full sample and in samples of countries with higher-than-average per-capita GDP, governance scores and economic openness. Secondly, the relationship between market power and innovation has a U-shape in the full sample, but inverted-U shape in split samples. Third, when interacted with governance, market power tends to have an offsetting effect that weakens the positive relationship between governance and innovation. These findings are robust to a range of control variables such as per-capita GDP, income inequality, depth of equity markets, labour share in national income, economic globalization and military expenditures. Our findings indicate that governance is a significant factor that explain innovation and that blanket statements about the relationship between competition and innovation as well as the kind of reforms necessary to foster innovation can be misleading. |
| Keywords: | Economic governance; innovation; patenting; market power |
| JEL: | E02 B52 O3 |
| Date: | 2012–11 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:44141&r=ipr |