Commenced in January 2007
Frequency: Monthly
Edition: International
Paper Count: 30127
Innovation Trends in South Korea

Authors: Mario Gómez, José Carlos Rodríguez

Abstract:

This paper analyzes innovation trends in South Korea by means of the number of patent applications filed by residents and nonresidents during the period 1965 to 2012. Making use of patent data released by the World Intellectual Property Organization (WIPO), we search for the presence of multiple structural changes in patent application series in this country. These changes may suggest that firms’ innovative activity has been modified as a result of implementing some science, technology and innovation (STI) policies. Accordingly, the new regulations implemented in this country in the last decades have influenced its innovative activity. The question conducting this research is thus how STI policies in South Korea have influenced its innovation activity. The results confirm the existence of multiple structural changes in the series of patent applications resulting from alternative STI policies implemented during these years.

Keywords: Econometric methods, innovation activity, South Korea, patent applications, science, technology and innovation (STI) policy.

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1096255

Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 2310

References:


[1] J.C. Rodríguez and M. Gómez, "Innovation trends in Latin America countries”, International Journal of Social, Human Science and Engineering, vol. 8, no. 3, pp. 637-643, 2014.
[2] B.H. Hall, "Exploring the patent explosion”, Journal of Technology Transfer, vol. 30, no. 2, pp. 35-48, 2005.
[3] M. Gómez, M., and J.C. Rodríguez, "Innovative activity in NAFTA and EU countries: an analysis of structural change in patent granted trends”, Proceedings of the Applied Econometrics Association (AEA), Tokyo, 2008.
[4] D. Encaoua, D. Guellec and C. Martínez, "Patent systems for encouraging innovation: lessons from economic analysis”,Research Policy, vol. 35, no. 9, pp. 1423-1440, 2006.
[5] A.B. Jaffe and J. Lerner, "Reinventing public R&D: Patent policy and the commercialization of national laboratory technologies”, The RAND Journal of Economics, vol. 32, no. 1, pp. 167-198, 2001.
[6] D.S. Siegel, D.A. Waldman, L.E. Atwater, and A.N. Link, "Toward a model of the effective transfer of scientific knowledge from academicians to practitioners: qualitative evidence from the commercialization of university technologies”, Journal of Engineering and Technology Management, vol. 21, no. 1/2, pp. 115-142, 2004.
[7] C. Peeters, and B. van Pottelsberghe de la Potterie, "Innovation strategy and the patenting behavior of firms”, Journal of Evolutionary Economics, vol. 16, no. 1, pp. 109-135, 2006.
[8] G. de Rassenfosse and B. van Pottelsberghe de la Potterie, "Per un pugno di dollari: A first look at the price elasticity of patents”,Oxford Review of Economic Policy, vol. 238, no. 4, pp. 588-604, 2007.
[9] J.A. Schumpeter,Capitalism, Socialism and Democracy, Harper,New York, 1942.
[10] W.M. Ccohen and R.C. Levin, "Empirical studies of innovation and market structure”, in: R. Schmalensee and R.D. Willing (eds.), Handbook of Industrial Organization, North-Holland, Amsterdam, 1989.
[11] E. Brouwer and A. Kleinknecht, "Innovative output and a firm propensity to patent: an exploration of CIS micro data”,Research Policy, vol. 28, no. 6, pp. 615-624, 1999.
[12] E. Duguet and I. Kabla, "Appropriation strategy and the motivations to use the patent system: an econometric analysis at the firm level in French manufacturing”,Annalesd’économieetstatistique, vol. 49, pp. 289-327, 1998.
[13] A.O. Nielsen, "Patenting, R&D and market structure: manufacturing firms in Denmark”, Technology Forecast and Social Change, vol. 66, no. 1, pp. 47-58, 2001.
[14] G. Dutrénit, M. Puchet, L. Sanz-Menendez, M. Teubal, and A. O. Vera- Cruz, "A Policy Model to Foster Coevolutionary Processes of Science, Technology and Innovation: The Mexican Case”, Working Paper Series 08-03,Globelics, 2003.
[15] R.R. Nelson, "The coevolution of technology, industrial structure and supporting institutions”, Industrial and Corporate Change, vol. 3, pp. 47-63, 1994.
[16] R.R.Nelson, "Coevolution of industry structure, technology and supporting institutions, and the making of competitive advantage”, International Journal of the Economics of Business, vol. 2, pp. 171-184, 1995.
[17] L. Kim, From Imitation to Innovation: The Dynamics of Korea’s Technological Learning, Boston, Harvard Business School Press, 1997.
[18] B.A. Lundvall, "Information technology in the learning economy: Challenges for development strategies”, Working Paper – Group on IT and Development, UNCSTD, 1996.
[19] I.P. Mahmood and J. Singh, "Technological dynamism in Asia”, Research Policy, vol. 32, no. 6, pp. 1031-1054, 2003.
[20] N. Gupta, D.W. Healey, A.M. Stein and S.S. Shipp, "Innovation policies of South Korea”, Working Paper, Institute for Defense Analyses, 2013.
[21] G.S. Maddala and I. Kim, Unit Root, Cointegration and Structural Change,. Cambridge University Press, Cambridge, 1998.
[22] A. Pulido, Modelos Econométricos, Ediciones Pirámide, Mexico, 2001.
[23] B. Hansen, "The new econometrics of structural change: Dating breaks in U.S. labor Productivity”,Journal of Economic Perspectives, vol. 15, no. 4, pp. 117-128, 2001.
[24] D. Gujarati, Econometría, McGraw-Hill, Mexico, 2004.
[25] J. Bai and P. Perron, "Estimating and testing linear models with multiple structural change”,Econometrica, vol. 66, no. 11, pp. 47-78, 1998.
[26] J. Bai and P. Perron, "Computation and analysis of multiple structural change models”, Journal of Applied Econometrics, vol. 18, no. 1, pp. 1- 22, 2003.
[27] S. Ng and P. Perron, "Unit root tests in ARMA models with data dependent methods for the selection of the truncation lag”, Journal of the American Statistical Association, vol. 90, no. 429, pp. 268-281, 1995.
[28] Y.C. Yao, "Estimating the number of change points via Schwarz criterion”, Statistics and Probability Letters, vol.6, pp. 181-189, 1988.