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dc.contributor.authorSantarelli, Enricoen_US
dc.contributor.authorLotti, Francescaen_US
dc.date.accessioned2007-10-10en_US
dc.date.accessioned2009-07-27T09:21:00Z-
dc.date.available2009-07-27T09:21:00Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/25594-
dc.description.abstractThe aim of this paper is to test whether patent-based indicators are still reliable measures of innovativeness in light of organizational changes in the field of Intellectual Property Rights (IPR) protection and the regulatory reforms already under way respectively at the U.S. Patent and Trademark Office (USPTO) and the European Patent Office (EPO). For most high-tech industries, patents represent an outcome of the production process and their number can be taken as a proxy for a firm’s ability to improve its productivity growth and profitability. The case study reported here concerns the biotechnology industry in Italy, whose firms, by definition, have Intellectual Property (IP) activities in their portfolios. For this purpose, we use a unique data set which collects balance sheet items and patent information from EPO and USPTO. After linking firms’ financial and production data with the patent information, we estimate a modified knowledge production function in which the dependent variable is alternatively (labor) productivity growth and profitability. Our findings show that only patents with the EPO, along with larger firm size, have a statistically significant relationship with productivity growth and profitability. This suggests that firms pursue different strategies when patenting with the USPTO and the EPO, and that this difference reflects statutory changes made to the former during the relevant period.en_US
dc.language.isoengen_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2007,020en_US
dc.subject.jelL25en_US
dc.subject.jelL65en_US
dc.subject.jelO34en_US
dc.subject.keywordIP Protectionen_US
dc.subject.keywordProductivityen_US
dc.subject.keywordProfitabilityen_US
dc.subject.keywordBiotechnology Industryen_US
dc.subject.keywordItalyen_US
dc.subject.stwInnovationen_US
dc.subject.stwPatenten_US
dc.subject.stwArbeitsproduktivitäten_US
dc.subject.stwRentabilitäten_US
dc.subject.stwBiotechnische Industrieen_US
dc.subject.stwItalienen_US
dc.subject.stwPatentrechten_US
dc.subject.stwReformen_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwUSAen_US
dc.titleThe relationship among innovative output, productivity, and profitability: a test comparing USPTO and EPO dataen_US
dc.typeWorking Paperen_US
dc.identifier.ppn54630267Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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