The effect of characteristics of the Korean firms on the patent production function
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초록

In this study, we estimate the input–output relationship between R&D investment and the number of patents granted to Korean firms by the US Patent and Trademark Office and the Korean Intellectual Property Office. Using pooled panel data and time-series data, we also examine the influence of the characteristics of the firms, viz. their export-orientation, the degree of foreign ownership and Chaebol-affiliation on the input–output relationship. It was found that the elasticities of US and Korean patents for R&D investment are 1.56 and 1.38, respectively. It was also shown that, in general, export-oriented firms, firms with higher foreign ownership and non-Chaebol firms have higher patent producing capability. © 2007 Taylor & Francis.

키워드

Chaebol-affiliationExport-orientationFirm characteristicsForeign ownershipPatent production functionPatents
제목
The effect of characteristics of the Korean firms on the patent production function
저자
Han, Yoo-JinLee, Won-Young
DOI
10.1080/10438590600740949
발행일
2007-06
저널명
Economics of Innovation and New Technology
16
4
페이지
293 ~ 301