Abstract

CAMPO ROBLEDO, Jacobo  and  HERRERA SAAVEDRA, Juan Pablo. Patents and Economic Growth: ¿Innovation of residents and non residents?. Desarro. soc. [online]. 2016, n.76, pp.243-272. ISSN 0120-3584.  https://doi.org/10.13043/DYS.76.6.

This paper presents empirical evidence on the impact of patents on economic growth, in 8 countries of Latin America during the period 1990-2011. A Cobb-Douglas production function type is estimated to quantify the effect and magnitude that have patents registered by residents and patents registered by non-residents, on the GDP, controlling by variables as gross capital formation and labor force. The empirical results show that there is a significant positive relationship in which long-run impact of the registered residents on GDP is smaller than patents registered by non-resident about 0.02%.

Keywords : Economic growth; resident patents; non resident patents; production function; panel unit root tests; panel cointegration.

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