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Do government-funded patents have higher quality than privately-funded patents?
- Source :
- Economics of Innovation & New Technology; Jun2023, Vol. 32 Issue 4, p537-562, 26p
- Publication Year :
- 2023
-
Abstract
- This paper examines whether there exists a quality difference between government-funded and privately-funded patents. Furthermore, to the extent that there is a quality difference, this paper investigates under what conditions such a difference is particularly more pronounced. Using a unique dataset of Korean manufacturing firms during the period of 2006-2010 that provides project-level information on public R&D subsidies, we find the following. First, for the pooled sample of patents, there exists a quality difference between government-funded and privately-funded patents. Overall, the quality of government-funded patents is higher than that of privately-funded ones. Second, within each firm, quality differences between government-funded and privately-funded patents are more likely to be positive for large firms than small ones. Third, within-firm quality differences between government-funded and privately-funded patents are more likely to be positive for firms with a large technological knowledge base, particularly when they perform more exploratory, rather than exploitative, R&D projects with public R&D subsidies. [ABSTRACT FROM AUTHOR]
- Subjects :
- PATENTS
RESEARCH & development projects
SMALL business
KNOWLEDGE base
Subjects
Details
- Language :
- English
- ISSN :
- 10438599
- Volume :
- 32
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Economics of Innovation & New Technology
- Publication Type :
- Academic Journal
- Accession number :
- 163410032
- Full Text :
- https://doi.org/10.1080/10438599.2021.1967151