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Main Title: The influence of standards and patents on long-term economic growth
Author(s): Blind, Knut
Ramel, Florian
Rochell, Charlotte
Type: Article
Abstract: Formal standards codify knowledge. Next to patents representing the generation of innovative knowledge, standards can hence be used to proxy the diffusion of innovative knowledge in macroeconomic growth models. Previous work mainly investigates the positive impact of in particular patents, but also standards on economic growth in short term, single country studies. This study is the first to examine the long-term effects of formal standards and patents on economic growth in a panel of eleven EU-15 countries between 1981 and 2014 using panel cointegration techniques. From policy makers' perspective standardization has also gained recently an increasing attention, e.g. in the call for the development of a European standardization strategy in the update of the industrial strategy. Our results show that European and international standards foster growth for the group of countries but that national standards have ambiguous growth effects in the panel. For patents, no significant effect on growth in this group of countries is identified.
Subject(s): economic growth
European Union
panel cointegration
Issue Date: 10-Jun-2021
Date Available: 18-Jul-2022
Language Code: en
DDC Class: 330 Wirtschaft
Sponsor/Funder: TU Berlin, Open-Access-Mittel – 2021
EC/H2020/770420/EU/EU Relevant, Inclusive, Timely, Trusted, and Open Research Innovation Indicators/EURITO
Journal Title: The journal of technology transfer
Publisher: Springer Nature
Volume: 47
Publisher DOI: 10.1007/s10961-021-09864-3
Page Start: 979
Page End: 999
EISSN: 1573-7047
ISSN: 0892-9912
TU Affiliation(s): Fak. 7 Wirtschaft und Management » Inst. Technologie und Management (ITM) » FG Innovationsökonomie
Appears in Collections:Technische Universität Berlin » Publications

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