DP6716 A Policy Insight into the R&D-Patent Relationship

Author(s):	Gaétan de Rassenfosse, Bruno van Pottelsberghe de la Potterie
Publication Date:	February 2008
Keyword(s):	education policy, patent policy, propensity to patent, R&D productivity, S&T policy
JEL(s):	O30, O38
Programme Areas:	Industrial Organization
Link to this Page:	cepr.org/active/publications/discussion_papers/dp.php?dpno=6716

This paper investigates whether patent counts can be taken as indicators of macroeconomic innovation performance. The empirical model explicitly accounts for the two components of patenting output: research productivity and patent propensity. The empirical analysis aims at explaining the `correct' number of priority filings in 34 countries. It confirms that the two components play a substantial role as witnessed by the impact of the design of several policies, namely education, intellectual property and science and technology policies. A major policy implication relates to the design of patent systems, which ultimately induces, or allows for, aggressive patenting strategies.