Types of patents and driving forces behind the patent growth in China |
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| Institution: | 1. School of Economics and Finance, Xi’an Jiaotong University, China;2. Department of Economics, Brandeis University, USA;3. Department of Economics, Princeton University, USA;1. School of International Trade and Economics, University of International Business and Economics, China;2. Faculty of Business and Economics, The University of Hong Kong, Hong Kong;1. World Intellectual Property Organization, Economics and Statistics Division, 34 Chemin des Colombettes, 1202 Geneva, Switzerland;2. Institute of Developing Economies (IDE-JETRO), 3-2-2 Wakaba, Mihama-ku, Chiba-shi, Chiba 261-8545, Japan;3. World Intellectual Property Organization, Economics and Statistics Division, 34 Chemin des Colombettes, 1202 Geneva, Switzerland |
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| Abstract: | As a developing economy, China's unprecedented patenting surge is puzzling. We study China's patent surge and its driving forces using a novel and comprehensive merged dataset on patent applications filed by Chinese firms. We find that R&D investment, FDI, and patent subsidy have different effects on different types of patents. First, R&D investment has a positive and significant impact on patenting activities for all types of patents under different model specifications. Second, the stimulating effect of foreign direct investment on patent applications is only robust for utility model patents and design patents. Third, the patent subsidy only has a positive impact on design patents. The results imply that FDI and patent subsidy may disproportionately spur low-quality patents. |
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| Keywords: | Patent types R&D Foreign direct investment Patent subsidies |
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