Research examines patent growth influences in various countries, highlighting the importance of innovation and governance.
Key Points
This study explores how research and development, economic growth, and government effectiveness impact patent growth across developed and developing nations.
Utilized annual data from 52 developed and developing countries from 1996 to 2022
Applied second-generational econometric estimators to account for heterogeneity and cross-sectional dependency in panel data
Investigated relationships using endogenous growth theory and patent cooperation treaty framework.
Research and development positively influences patent growth, with stronger effects observed in developing countries.
Economic growth is crucial for enhancing patent activity, especially in lower-income nations.
Government effectiveness has a significant impact on patents, demonstrating stronger effects in developing countries compared to developed ones.