ARAŞTIRMA VE GELİŞTİRME HARCAMALARININ PATENT BAŞVURU SAYILARI ÜZERİNDEKİ ETKİSİ: SEÇİLİ OECD ÜLKELERİ ÜZERİNE BİR UYGULAMA
Year 2018,
Issue: 58, 197 - 213, 19.10.2018
Pınar Özer
,
Süleyman Emre Özcan
Abstract
Bu çalışmada seçili Ekonomik
İşbirliği ve Kalkınma Örgütü (OECD) ülkeleri için 1995 – 2013 yıllık verileri
kullanılarak araştırma ve geliştirme (Ar-Ge) harcamalarının patent başvuru
sayıları üzerindeki etkisinin tahmil edilmesi amaçlanmaktadır. Bu doğrultuda değişkenler
arasındaki uzun dönemli ilişkinin varlığını ortaya koymak üzere Westerlund Panel
Eşbütünleşme yaklaşımı ile uzun ve kısa dönemli katsayıları tahmin etmek
amacıyla Ortalama Grup Tahmincisi (MGE) ve Havuzlanmış Ortalama Grup Tahmincisi
(PMGE) yöntemleri kullanılmıştır. Eşbütünleşme testi ile değişkenler arasında
uzun dönemli ilişki tespit edilmiş ve uzun dönemde araştırma ve geliştirme
harcamalarının patent başvuru sayıları üzerindeki etkisinin pozitif olduğu
bulunmuştur.
References
- Almeida, A.,Teixeira, A. (2007). Does Patenting Negatively Impact on R&D Investment? An International Panel Data Assessment.FEP Working Paper, No. 255.Bai, J.,&Ng, S. (2004). A Panic Attack on Unit Roots and Cointegration. Econometrica, 72(4), 1127-1177.Bessen, J. E. (2003). Patent Thickets: Strategic Patenting of Complex Technologies. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=327760, (18.09.2018).Bosch, M., Lederman, D., & Maloney, W. F. (2005). Patenting and Research and Development: A Global View.World Bank Working Paper, 3739, 1 – 39. Bound, J., Cummins, C., Griliches, Z., Hall, B. H., & Jaffe, A. B. (1982). Who does R&D and who patents?. Zvi Griliches (Ed.), R&D, Patents, and Productivity, (pp. 21 – 54). Chicago: University of Chicago Press.Breitung, J. (2000). The Local Power of Some Unit Root Tests for Panel Data. Badi H. Baltagi (Ed.), Advances in Econometrics, (pp. 161-177). Amsterdam: JAI Press. Breush, T. S., & Pagan, A. R.(1980). The Lagrange Multiplier Test and Its Applications to Model Specification in Econometrics. The Review of Economic Studies, 47(1), 239 - 253.Caviggioli, F. (2011). Foreign Applications at the Japan Patent Office – An Empirical Analysis of Selected Growth Factors. World Patent Information, 33(2), 157-167.Choi, I. (2001). Unit Root Tests for Panel Data. Journal of International Money and Finance, 20(2), 249 - 272.Dosi, G., Pavitt, K. & Soete, L. (1990). The Economics of Technical Change and International Trade. New York: New York University Press. Erdem, E., Guloglu, B., & Nazlioglu, S. (2010). The Macroeconomy and Turkish Agricultural Trade Balance with the EU Countries: Panel ARDL Analysis. International Journal of Economic Perspectives, 4(1), 371 - 379. Esen, S., Zeren, F., & Şimdi, H. (2015). CDS and Stock Market: Panel Evidence Under Cross-Section Dependency. South-Eastern Europe Journal of Economics, 13(1), 31-46.Favarra, G. (2003).An Empirical Reassessment of the Relationship between Finance and Growth. International Monetary Fund Working Paper,No. 3-123.Frees, E. W. (1995). Assessing Cross-Sectional Correlation in Panel Data. Journal of Econometrics, 69(2), 393 - 414.Friedman, M. (1937). The Use of Ranks to Avoid the Assumption of Normality Implicit in the Analysis of Variance. Journal of the American Statistical Association, 32(200), 675 - 701.Göçer, İ. (2013).Teknolojik İlerlemenin Belirleyicileri: NIC Ülkeleri İçin Panel Eşbütünleşme ve Panel Nedensellik Analizleri. Maliye Finans Yazıları, 100, 116 – 141.Göker, A. (2003). Ulusal İnovasyon Sistemi: Türkiye Ulusal İnovasyon Sistemini Kurabildi mi?. Cemil Arıkan, Müfit Akyos, Metin Durgut ve Aykut Göker(Ed.), Ulusal İnovasyon Sistemi: Kavramsal Çerçeve, Türkiye İncelemesi ve Ülke Örnekleri içinde (ss. 19 – 122). İstanbul: TÜSİAD Yayın.Griliches, Z. (1990). Patent Statistics as Economic Indicators: A Survey Part I. National Bureau of Economic Research Working Paper, No. w3301.Guo, Y., & Wang, B. (2013). Study on the Economic Growth of Patent Output in the High-tech Industry. Journal of Management and Sustainability, 3(1), 103 – 107.Gurmu, S., & Pérez-Sebastián, F. (2008). Patents, R&D and Lag Effects: Evidence from Flexible Methods for Count Panel Data on Manufacturing Firms. Empirical Economics, 35(3), 507 - 526.Hadri, K. (2000).Testing for Stationarity in Heterogeneous Panel Data. The Econometrics Journal, 3(2), 148-161.Hall, B. H., Griliches, Z., & Hausman, J. A. (1983). Patents and R&D: Searching for a Lag Structure. National Bureau of Economic Research Working Paper, No: 1227.Hall, B. H., Griliches, Z., & Hausman, J. A. (1986). Patents and R and D: Is there a lag?.International Economic Review, 27(2), 265-283.Harris, R. D., & Tzavalis, E. (1999.Inference for Unit Roots in Dynamic Panels where the Time Dimension is Fixed. Journal of Econometrics, 91(2), 201-226.Hausman, J. A. (1978). Specification Tests in Econometrics. Econometrica: Journal of the Econometric Society, 46(6), 1251 - 1271.Im, K. S., Pesaran, M. H., & Shin, Y. (2003).Testing for Unit Roots in Heterogeneous Panels. Journal of Econometrics, 115(1), 53-74.Jaffe, A. B. (1986). Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value. National Bureau of Economic Research Working Paper, No: 1815.Jaumotte, F.,Pain, N. (2005). Innovation in the Business Sector.OECD Economics Department Working Papers, No: 459. Jaunky, V. C. (2011). The CO2 Emissions-Income Nexus: Evidence from Rich Countries. Energy Policy, 39(3), 1228-1240.Johansen, S. (1995).Likelihood-Based Inference in Cointegrated Vector Autoregressive Models. Oxford University Press.Kondo, M. (1995). Dynamic Analysis on the Relation between R&D and Patent Applications in Japan. Japan Society for Research Policy and Innovation Management, 10(3), 193-204.Kondo, M. (1999). R&D Dynamics of Creating Patents in the Japanese Industry. Research Policy, 28(6), 587 - 600.Levin, A., Lin, C. F., & Chu, C. S. J. (2002). Unit Root Tests in Panel Data: Asymptotic and Finite-sample Properties. Journal of Econometrics, 108(1), 1-24.Maddala, G. S., & Wu, S. (1999).A Comparative Study of Unit Root Tests with Panel Data and A New Simple Test. Oxford Bulletin of Economics and Statistics, 61(S1), 631-652.Mercan, B., Göktaş, D., & Gömleksiz, M. (2011). AR-GE Faaliyetleri ve Girişimcilerin İnovasyon Üzerindeki Etkileri: Patent Verileri Üzerinde Bir Uygulama. Paradoks: The Journal of Economics, Sociology & Politics, 7(2), 27 – 44. Miller, R. L., Benjamin, D. K., & North, D. C. ( 2012). The Economics of Public Issues. New Jersey: Pearson.Moon, H. R., & Perron, B. (2004).Testing for a Unit Root in Panels with Dynamic Factors.Journal of Econometrics, 122(1), 81-126.Pakes, A., & Griliches, Z. (1984). Patents and R&D at the Firm Level: A First Look. Zvi Griliches (Ed.), R&D, Patents, and Productivity (pp. 55 – 72). Chicago: University of Chicago Press.Pavitt, K. (1985). Patent Statistics as Indicators of Innovative Activities: Possibilities and Problems. Scientometrics, 7(1- 2), 77-99.Pesaran, M. H., & Smith, R. (1995). Estimating Long-Run Relationships from Dynamic Heterogeneous Panels. Journal of Econometrics, 68(1), 79 - 113.Pesaran, M. H., Shin, Y., & Smith, R. P.(1999). Pooled Mean Group Estimation of Dynamic Heterogeneous Panels. Journal of the American Statistical Association, 94(446), 621 - 634.Pesaran, M. H. (2004). General Diagnostic Tests for Cross Section Dependence in Panels. CESifo Working Paper Series No. 1229; IZA Discussion Paper No. 1240, 1 – 39.Pesaran, M. H. (2007). A Simple Panel Unit Root Test in the Presence of Cross ‐ Section Dependence. Journal of Applied Econometrics, 22(2), 265 - 312.Phillips, P. C., & Hansen, B. E. (1990).Statistical Inference in Instrumental Variables Regression with I (1) Processes. The Review of Economic Studies, 57(1), 99-125.Phillips, P. C., & Sul, D. (2003).Dynamic Panel Estimation and Homogeneity Testing under Cross Section Dependence. The Econometrics Journal, 6(1), 217-259.Prodan, I. (2005). Influence of Research and Development Expenditures on Number of Patent Applications: Selected Case Studies in OECD Countries and Central Europe. Applied Econometrics and International Development, 5(4), 5 – 22.Samargandi, N., Fidrmuc, J., & Ghosh, S. (2015).Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle - Income Countries. World Development, 68, 66-81.Sanyal, S., & Vancauteren, M. (2013). Patents and R&D at the Firm Level: A Panel Data Analysis Applied to the Dutch Pharmaceutical Sector.DRUID13 35th Celebration Conference, Barcelona. Scherer, F. M. (1965). Firm Size, Market Structure, Opportunity, and the Output of Patented Inventions. The American Economic Review, 55(5), 1097 - 1125.Schmookler, J. (1966). Invention and Economic Growth. Cambridge: Harvard University Press.Schumpeter, J. A. (2003). Capitalism, Socialism and Democracy. London: Routledge.Shapiro, C. (2001). Navigating the Patent Thicket: Cross Licenses, Patent Pools, and Standard Setting. Adam, B. Jaffe, Josh Lerner, and Scott Stern (Eds.),Innovation Policy and the Economy: Volume 1 (pp. 119 – 150). MIT Press. Soete, L., & Wyatt, S. (1983). The Use of Foreign Patenting as an Internationally Comparable Science and Technology Output Indicator. Scientometrics, 5(1), 31 - 54.Stiglitz, J. E. (1999). Knowledge as a Global Public Good. ). Inge Kaul, Isabelle Grunberg and, Marc A. Stern, (Eds.), Global Public Goods (pp. 308 – 326). New York: Oxford University Press.Tatoğlu, F. Y. (2013). İleri Panel Veri Analizi: Stata Uygulamalı. İstanbul: Beta Yayıncılık.Ün, T. (2015). Stata ile Panel Veri Analizi. Selahattin Güriş ( Ed.), Stata ile Panel Veri Modelleri içinde (s. 39 – 80). İstanbul: Der Yayınları. Wakasugi, R., & Koyata, F. (1997). R&D, Firm Size and Innovation Outputs: Are Japanese Firms Efficient in Product Development?.Journal of Product Innovation Management, 14(5), 383-392.Weil, D. N. (2009). Economic Growth. Boston: Addison-Wesley.Westerlund, J. (2007). Testing for Error Correction in Panel Data. Oxford Bulletin of Economics and Statistics, 69(6), 709 - 748.
THE IMPACT OF RESEARCH AND DEVELOPMENT EXPENDITURES ON NUMBER OF PATENT APPLICATIONS: AN APPLICATION ON SELECTED OECD COUNTRIES
Year 2018,
Issue: 58, 197 - 213, 19.10.2018
Pınar Özer
,
Süleyman Emre Özcan
Abstract
In this study, it was aimed to
estimate the effect of research and develeopment (R&D) expenditures on number
of patent applications using annual data from 1995 to 2013 for selected
Economic Cooperation and Development Organization (OECD) countries. Accordingly Westerlund Panel Cointegration approach
for the purpose of determining long run relationship among variables, Mean
Group Estimator (MGE) and Pooled Mean Group Estimator (PMGE) methods with the
aim of estimating long and short - run coefficients were used. The
cointegration test illustrated that there was a long-run relationship between
the variables. The effect of research and development expenditures on number of
patent applications was found to be positive in the long run.
References
- Almeida, A.,Teixeira, A. (2007). Does Patenting Negatively Impact on R&D Investment? An International Panel Data Assessment.FEP Working Paper, No. 255.Bai, J.,&Ng, S. (2004). A Panic Attack on Unit Roots and Cointegration. Econometrica, 72(4), 1127-1177.Bessen, J. E. (2003). Patent Thickets: Strategic Patenting of Complex Technologies. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=327760, (18.09.2018).Bosch, M., Lederman, D., & Maloney, W. F. (2005). Patenting and Research and Development: A Global View.World Bank Working Paper, 3739, 1 – 39. Bound, J., Cummins, C., Griliches, Z., Hall, B. H., & Jaffe, A. B. (1982). Who does R&D and who patents?. Zvi Griliches (Ed.), R&D, Patents, and Productivity, (pp. 21 – 54). Chicago: University of Chicago Press.Breitung, J. (2000). The Local Power of Some Unit Root Tests for Panel Data. Badi H. Baltagi (Ed.), Advances in Econometrics, (pp. 161-177). Amsterdam: JAI Press. Breush, T. S., & Pagan, A. R.(1980). The Lagrange Multiplier Test and Its Applications to Model Specification in Econometrics. The Review of Economic Studies, 47(1), 239 - 253.Caviggioli, F. (2011). Foreign Applications at the Japan Patent Office – An Empirical Analysis of Selected Growth Factors. World Patent Information, 33(2), 157-167.Choi, I. (2001). Unit Root Tests for Panel Data. Journal of International Money and Finance, 20(2), 249 - 272.Dosi, G., Pavitt, K. & Soete, L. (1990). The Economics of Technical Change and International Trade. New York: New York University Press. Erdem, E., Guloglu, B., & Nazlioglu, S. (2010). The Macroeconomy and Turkish Agricultural Trade Balance with the EU Countries: Panel ARDL Analysis. International Journal of Economic Perspectives, 4(1), 371 - 379. Esen, S., Zeren, F., & Şimdi, H. (2015). CDS and Stock Market: Panel Evidence Under Cross-Section Dependency. South-Eastern Europe Journal of Economics, 13(1), 31-46.Favarra, G. (2003).An Empirical Reassessment of the Relationship between Finance and Growth. International Monetary Fund Working Paper,No. 3-123.Frees, E. W. (1995). Assessing Cross-Sectional Correlation in Panel Data. Journal of Econometrics, 69(2), 393 - 414.Friedman, M. (1937). The Use of Ranks to Avoid the Assumption of Normality Implicit in the Analysis of Variance. Journal of the American Statistical Association, 32(200), 675 - 701.Göçer, İ. (2013).Teknolojik İlerlemenin Belirleyicileri: NIC Ülkeleri İçin Panel Eşbütünleşme ve Panel Nedensellik Analizleri. Maliye Finans Yazıları, 100, 116 – 141.Göker, A. (2003). Ulusal İnovasyon Sistemi: Türkiye Ulusal İnovasyon Sistemini Kurabildi mi?. Cemil Arıkan, Müfit Akyos, Metin Durgut ve Aykut Göker(Ed.), Ulusal İnovasyon Sistemi: Kavramsal Çerçeve, Türkiye İncelemesi ve Ülke Örnekleri içinde (ss. 19 – 122). İstanbul: TÜSİAD Yayın.Griliches, Z. (1990). Patent Statistics as Economic Indicators: A Survey Part I. National Bureau of Economic Research Working Paper, No. w3301.Guo, Y., & Wang, B. (2013). Study on the Economic Growth of Patent Output in the High-tech Industry. Journal of Management and Sustainability, 3(1), 103 – 107.Gurmu, S., & Pérez-Sebastián, F. (2008). Patents, R&D and Lag Effects: Evidence from Flexible Methods for Count Panel Data on Manufacturing Firms. Empirical Economics, 35(3), 507 - 526.Hadri, K. (2000).Testing for Stationarity in Heterogeneous Panel Data. The Econometrics Journal, 3(2), 148-161.Hall, B. H., Griliches, Z., & Hausman, J. A. (1983). Patents and R&D: Searching for a Lag Structure. National Bureau of Economic Research Working Paper, No: 1227.Hall, B. H., Griliches, Z., & Hausman, J. A. (1986). Patents and R and D: Is there a lag?.International Economic Review, 27(2), 265-283.Harris, R. D., & Tzavalis, E. (1999.Inference for Unit Roots in Dynamic Panels where the Time Dimension is Fixed. Journal of Econometrics, 91(2), 201-226.Hausman, J. A. (1978). Specification Tests in Econometrics. Econometrica: Journal of the Econometric Society, 46(6), 1251 - 1271.Im, K. S., Pesaran, M. H., & Shin, Y. (2003).Testing for Unit Roots in Heterogeneous Panels. Journal of Econometrics, 115(1), 53-74.Jaffe, A. B. (1986). Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value. National Bureau of Economic Research Working Paper, No: 1815.Jaumotte, F.,Pain, N. (2005). Innovation in the Business Sector.OECD Economics Department Working Papers, No: 459. Jaunky, V. C. (2011). The CO2 Emissions-Income Nexus: Evidence from Rich Countries. Energy Policy, 39(3), 1228-1240.Johansen, S. (1995).Likelihood-Based Inference in Cointegrated Vector Autoregressive Models. Oxford University Press.Kondo, M. (1995). Dynamic Analysis on the Relation between R&D and Patent Applications in Japan. Japan Society for Research Policy and Innovation Management, 10(3), 193-204.Kondo, M. (1999). R&D Dynamics of Creating Patents in the Japanese Industry. Research Policy, 28(6), 587 - 600.Levin, A., Lin, C. F., & Chu, C. S. J. (2002). Unit Root Tests in Panel Data: Asymptotic and Finite-sample Properties. Journal of Econometrics, 108(1), 1-24.Maddala, G. S., & Wu, S. (1999).A Comparative Study of Unit Root Tests with Panel Data and A New Simple Test. Oxford Bulletin of Economics and Statistics, 61(S1), 631-652.Mercan, B., Göktaş, D., & Gömleksiz, M. (2011). AR-GE Faaliyetleri ve Girişimcilerin İnovasyon Üzerindeki Etkileri: Patent Verileri Üzerinde Bir Uygulama. Paradoks: The Journal of Economics, Sociology & Politics, 7(2), 27 – 44. Miller, R. L., Benjamin, D. K., & North, D. C. ( 2012). The Economics of Public Issues. New Jersey: Pearson.Moon, H. R., & Perron, B. (2004).Testing for a Unit Root in Panels with Dynamic Factors.Journal of Econometrics, 122(1), 81-126.Pakes, A., & Griliches, Z. (1984). Patents and R&D at the Firm Level: A First Look. Zvi Griliches (Ed.), R&D, Patents, and Productivity (pp. 55 – 72). Chicago: University of Chicago Press.Pavitt, K. (1985). Patent Statistics as Indicators of Innovative Activities: Possibilities and Problems. Scientometrics, 7(1- 2), 77-99.Pesaran, M. H., & Smith, R. (1995). Estimating Long-Run Relationships from Dynamic Heterogeneous Panels. Journal of Econometrics, 68(1), 79 - 113.Pesaran, M. H., Shin, Y., & Smith, R. P.(1999). Pooled Mean Group Estimation of Dynamic Heterogeneous Panels. Journal of the American Statistical Association, 94(446), 621 - 634.Pesaran, M. H. (2004). General Diagnostic Tests for Cross Section Dependence in Panels. CESifo Working Paper Series No. 1229; IZA Discussion Paper No. 1240, 1 – 39.Pesaran, M. H. (2007). A Simple Panel Unit Root Test in the Presence of Cross ‐ Section Dependence. Journal of Applied Econometrics, 22(2), 265 - 312.Phillips, P. C., & Hansen, B. E. (1990).Statistical Inference in Instrumental Variables Regression with I (1) Processes. The Review of Economic Studies, 57(1), 99-125.Phillips, P. C., & Sul, D. (2003).Dynamic Panel Estimation and Homogeneity Testing under Cross Section Dependence. The Econometrics Journal, 6(1), 217-259.Prodan, I. (2005). Influence of Research and Development Expenditures on Number of Patent Applications: Selected Case Studies in OECD Countries and Central Europe. Applied Econometrics and International Development, 5(4), 5 – 22.Samargandi, N., Fidrmuc, J., & Ghosh, S. (2015).Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle - Income Countries. World Development, 68, 66-81.Sanyal, S., & Vancauteren, M. (2013). Patents and R&D at the Firm Level: A Panel Data Analysis Applied to the Dutch Pharmaceutical Sector.DRUID13 35th Celebration Conference, Barcelona. Scherer, F. M. (1965). Firm Size, Market Structure, Opportunity, and the Output of Patented Inventions. The American Economic Review, 55(5), 1097 - 1125.Schmookler, J. (1966). Invention and Economic Growth. Cambridge: Harvard University Press.Schumpeter, J. A. (2003). Capitalism, Socialism and Democracy. London: Routledge.Shapiro, C. (2001). Navigating the Patent Thicket: Cross Licenses, Patent Pools, and Standard Setting. Adam, B. Jaffe, Josh Lerner, and Scott Stern (Eds.),Innovation Policy and the Economy: Volume 1 (pp. 119 – 150). MIT Press. Soete, L., & Wyatt, S. (1983). The Use of Foreign Patenting as an Internationally Comparable Science and Technology Output Indicator. Scientometrics, 5(1), 31 - 54.Stiglitz, J. E. (1999). Knowledge as a Global Public Good. ). Inge Kaul, Isabelle Grunberg and, Marc A. Stern, (Eds.), Global Public Goods (pp. 308 – 326). New York: Oxford University Press.Tatoğlu, F. Y. (2013). İleri Panel Veri Analizi: Stata Uygulamalı. İstanbul: Beta Yayıncılık.Ün, T. (2015). Stata ile Panel Veri Analizi. Selahattin Güriş ( Ed.), Stata ile Panel Veri Modelleri içinde (s. 39 – 80). İstanbul: Der Yayınları. Wakasugi, R., & Koyata, F. (1997). R&D, Firm Size and Innovation Outputs: Are Japanese Firms Efficient in Product Development?.Journal of Product Innovation Management, 14(5), 383-392.Weil, D. N. (2009). Economic Growth. Boston: Addison-Wesley.Westerlund, J. (2007). Testing for Error Correction in Panel Data. Oxford Bulletin of Economics and Statistics, 69(6), 709 - 748.