Effects of patents on productivity growth in Korean manufacturing: A panel data analysis

  • Kim T
  • Maskus K
  • Oh K
  • 9

    Readers

    Mendeley users who have this article in their library.
  • 15

    Citations

    Citations of this article.

Abstract

We analyse the contributions of patents to total factor productivity (TFP) performance in Korean manufacturing industries during the period 1981-1999. This paper treats potential autocorrelation problems seriously and uses recent panel cointegration approaches to investigate the robustness of the patent-TFP relationship. The results show that both domestic and foreign-resident patent applications have significant positive effects on productivity and that foreign-resident patent applications have a larger effect than domestic patents in improving TFP in Korean manufacturing. We also find evidence of knowledge spillovers among industries, in that the patent applications of other industries increase TFP in any single industry. Copyright 2009 The Authors. Journal compilation 2009 Blackwell Publishing Asia Pty Ltd Effects of patents on productivity growth in Korean manufacturing: a panel data analysis. Pac Econ Rev (PDF Download Available). Available from: https://www.researchgate.net/publication/46540589_Effects_of_patents_on_productivity_growth_in_Korean_manufacturing_a_panel_data_analysis_Pac_Econ_Rev [accessed Apr 15, 2016].

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document

Authors

  • Taegi Kim

  • Keith E. Maskus

  • Keun Yeob Oh

Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free