The relationship between patents and economic growth: a panel VAR and causality analyses on OECD countries
dc.authorid | 0009-0008-3243-3579 | |
dc.contributor.advisor | Görkey, Selda | en_US |
dc.contributor.author | Özkan Yıldız, Öznur | en_US |
dc.contributor.other | Işık Üniversitesi, Lisansüstü Eğitim Enstitüsü, Uygulamalı Ekonomi Yüksek Lisans Programı | en_US |
dc.date.accessioned | 2023-08-04T07:54:38Z | |
dc.date.available | 2023-08-04T07:54:38Z | |
dc.date.issued | 2023-06-21 | |
dc.department | Işık Üniversitesi, Lisansüstü Eğitim Enstitüsü, Uygulamalı Ekonomi Yüksek Lisans Programı | en_US |
dc.description | Text in English ; Abstract: English and Turkish | en_US |
dc.description | Includes bibliographical references (leaves 111-129) | en_US |
dc.description | xiii, 130 leaves | en_US |
dc.description.abstract | The patent subject requires a comprehensive analysis both theoretically and empirically as it is related to many concepts. Patenting is important not only for the patent owner, but also for society and the country. Over the years, the causes of economic growth have been put forward in various ways in different growth models. Sustainable economic growth can be achieved by the creation of innovation by industries that carry out R&D activities and the continuous feeding of innovation with R&D, according to R&D-based endogenous growth models. The innovation process is depicted as a cumulative one in which new innovations build on past achievements. Empirical evidence demonstrates that patents, as a form of intellectual property rights contribute to economic growth. Especially in knowledge-based new economies, patents play a essential role in the decisions of countries and companies to invest in innovation. This study first theoretically reviews the economic effects of patent and patent system. For this purpose, it explains the impact of patents on economic growth, starting from their role as an innovation indicator and considering the main benefits of the patent system. The study then empirically investigates the relationship between patents and economic growth for a panel of OECD countries between 1990 and 2019. By employing panel vector autoregression (VAR) approach and panel-VAR Granger causality analysis, the research distinguishes patents into patent applications and grants. According to the findings of the Granger causality analysis, there is no two-way causality relationship between patents and economic growth, but there is a causality relationship from patents to economic growth. The findings from the empirical estimates confirm a significant contribution of patents to economic growth in OECD countries. The empirical results show that an improvement in patent grants play a decisive role rather than patent applications in enchancing gross domestic product. | en_US |
dc.description.abstract | Patent konusu birçok kavram ile ilişki halinde olması sebebiyle hem teorik hem ampirik olarak kapsamlı bir analiz gerektirmektedir. Patent almak sadece patent sahibi için değil, aynı zamanda toplum ve ülke için de önemlidir. Yıllar içinde, ekonomik büyümenin nedenleri farklı büyüme modellerinde çeşitli şekillerde ortaya konmuştur. Ar-Ge temelli içsel büyüme modellerine göre sürdürülebilir ekonomik büyüme, ArGe faaliyetleri gerçekleştiren endüstrilerin inovasyonu ortaya çıkarması ve inovasyonun Ar-Ge ile sürekli beslenmesi ile sağlanabilir. İnovasyon süreci, yeni inovasyonların geçmiş başarıların üzerine inşa edildiği kümülatif bir süreç olarak tasvir edilmektedir. Ampirik bulgular, fikri mülkiyet haklarının bir türü olan patentlerin ekonomik büyümeye katkıda bulunduğunu göstermektedir. Özellikle bilgiye dayalı yeni ekonomilerde, ülkelerin ve şirketlerin inovasyona yatırım yapma kararlarında patentler temel bir rol oynamaktadır. Bu çalışma öncelikle patent ve patent sisteminin ekonomik etkilerini teorik olarak incelemektedir. Bu amaçla, patentlerin ekonomik büyüme üzerindeki etkisi, bir inovasyon göstergesi olarak sahip oldukları rolden hareketle ve patent sisteminin temel faydaları göz önünde bulundurularak açıklanmaktadır. Çalışma daha sonra 1990 ve 2019 yılları arasında OECD ülkelerinden oluşan bir panel için patentler ve ekonomik büyüme arasındaki ilişkiyi ampirik olarak araştırmaktadır. Çalışma panel vektör otoregresyon (VAR) yaklaşımı ve panel-VAR Granger nedensellik analizini kullanarak patentleri patent başvuruları ve alınan patentler olarak ayırmaktadır. Granger nedensellik analizi sonuçlarına göre, patentler ve ekonomik büyüme arasında çift yönlü nedensellik ilişkisi olmadığı, patentlerden ekonomik büyümeye doğru tek yönlü bir nedensellik ilişkisi olduğu belirlenmiştir. Ampirik tahminlerden elde edilen bulgular, OECD ülkelerinde patentlerin ekonomik büyümeye önemli bir katkı sağladığını doğrulamaktadır. Ampirik sonuçlar, gayri safi yurtiçi hasılayı artırmada patent başvurularından çok alınan patentlerin belirleyici bir rol oynadığını göstermektedir. | en_US |
dc.description.tableofcontents | ECONOMIC GROWTH, INNOVATION AND PATENTS | en_US |
dc.description.tableofcontents | Economic Growth: Theoretical Background | en_US |
dc.description.tableofcontents | Basic Determinants of Economic Growth | en_US |
dc.description.tableofcontents | Economic Growth Models | en_US |
dc.description.tableofcontents | Classical Growth Models | en_US |
dc.description.tableofcontents | Neo-classical (Solow) Growth Model | en_US |
dc.description.tableofcontents | Endogenous Growth Models | en_US |
dc.description.tableofcontents | Paul Michael Romer | en_US |
dc.description.tableofcontents | Robert Emerson Lucas | en_US |
dc.description.tableofcontents | Gene Michael Grossman and Elhanan Helpman | en_US |
dc.description.tableofcontents | Joseph Alois Schumpeter | en_US |
dc.description.tableofcontents | Innovation and Patents | en_US |
dc.description.tableofcontents | Innovation: Conceptual Background | en_US |
dc.description.tableofcontents | Determinants of Innovation and the Role of IPRs | en_US |
dc.description.tableofcontents | Patents: Theoretical Background | en_US |
dc.description.tableofcontents | Patent and Patent Rights | en_US |
dc.description.tableofcontents | Types of Patents | en_US |
dc.description.tableofcontents | Emergence of Patent System and Patent Laws | en_US |
dc.description.tableofcontents | Agreements Related to Patents | en_US |
dc.description.tableofcontents | PATENT AND ECONOMIC GROWTH IN THE OECD | en_US |
dc.description.tableofcontents | The Economic Importance of the Patents | en_US |
dc.description.tableofcontents | The Effects of Patents and The Patent System on Economic Growth | en_US |
dc.description.tableofcontents | An Assessment of Patents and Economic Growth in OECD Countries | en_US |
dc.description.tableofcontents | Economic Structure of OECD Countries | en_US |
dc.description.tableofcontents | Patent Statistics and Patent Policies in the OECD | en_US |
dc.description.tableofcontents | Patent Organizations | en_US |
dc.description.tableofcontents | RELATIONSHIP BETWEEN PATENT AND ECONOMIC GROWTH IN OECD COUNTRIES: PANEL VAR ANALYSIS | en_US |
dc.description.tableofcontents | Panel Time Series Analysis | en_US |
dc.description.tableofcontents | Panel Cross Sectional Dependence | en_US |
dc.description.tableofcontents | Pesaran’s Cross Sectional Dependence Test | en_US |
dc.description.tableofcontents | Pesaran CIPS Unit Root Test | en_US |
dc.description.tableofcontents | Panel Vector Autoregressive Regression Models | en_US |
dc.description.tableofcontents | Generalized Method of Moments (GMM) | en_US |
dc.description.tableofcontents | Impulse Response Analysis | en_US |
dc.description.tableofcontents | Variance Decomposition | en_US |
dc.description.tableofcontents | Granger Causality Test | en_US |
dc.description.tableofcontents | Findings From Panel Cross Sectional Dependence Test | en_US |
dc.description.tableofcontents | Findings from Panel Unit Root Tests | en_US |
dc.description.tableofcontents | Findings from Panel Vector Autoregressive Regression Analyses | en_US |
dc.description.tableofcontents | Stability of the Findings | en_US |
dc.description.tableofcontents | Impulse Response Funtions (IRFs) | en_US |
dc.description.tableofcontents | Forecast-Error Variance Decomposition (FEVD) | en_US |
dc.description.tableofcontents | PVAR Granger Causality Test | en_US |
dc.description.tableofcontents | Pesaran’s Cross-Sectional Dependence Test | en_US |
dc.description.tableofcontents | Pesaran CADF Unit Root Test Results | en_US |
dc.description.tableofcontents | PVAR Model Selection Results | en_US |
dc.description.tableofcontents | Findings from GMM PVAR Analysis | en_US |
dc.description.tableofcontents | Eigenvalue Stability Condition | en_US |
dc.description.tableofcontents | PVAR Model FEVD Estimates | en_US |
dc.description.tableofcontents | Findings from Panel VAR-Granger Causality Test | en_US |
dc.description.tableofcontents | Process from R&D to Patent | en_US |
dc.description.tableofcontents | OECD Members GDP Growth Rate 1990-2019 | en_US |
dc.description.tableofcontents | R&D Expenditure (% of GDP) in OECD, 1990-2019 | en_US |
dc.description.tableofcontents | Number of R&D Personnel in OECD Countries, 2012-21 | en_US |
dc.description.tableofcontents | Patent Applications by Income Groups 2012-2021 | en_US |
dc.description.tableofcontents | Patent Applications and Patent Granted by Income Groups | en_US |
dc.description.tableofcontents | Patent Statistics in the OECD, 1990-2019 | en_US |
dc.description.tableofcontents | PCT Applications for the Top 10 Origins, 2020 | en_US |
dc.description.tableofcontents | Trend in Patent Applications for the Top Five Offices | en_US |
dc.description.tableofcontents | Country and Approximate Number of Patent Applications | en_US |
dc.description.tableofcontents | Worldwide Patent Filings by Year of Filing | en_US |
dc.description.tableofcontents | Patent Applications to the Top 20 Offices, 2012-2021 | en_US |
dc.description.tableofcontents | Total Patent Applications Filings at USPTO, EPO and JPO | en_US |
dc.description.tableofcontents | Graph of Characteristic Polynomial Roots | en_US |
dc.description.tableofcontents | Impulse Response Functions (IRFs) for dlGDP and dlPA | en_US |
dc.description.tableofcontents | Impulse Response Functions (IRFs) for dlGDP and lPG | en_US |
dc.identifier.citation | Özkan Yıldız, Ö. (2023). The relationship between patents and economic growth: a panel VAR and causality analyses on OECD countries. İstanbul: Işık Üniversitesi Lisansüstü Eğitim Enstitüsü. | en_US |
dc.identifier.uri | https://hdl.handle.net/11729/5661 | |
dc.institutionauthor | Özkan Yıldız, Öznur | en_US |
dc.institutionauthorid | 0009-0008-3243-3579 | |
dc.language.iso | en | en_US |
dc.publisher | Işık Üniversitesi | en_US |
dc.relation.publicationcategory | Tez | en_US |
dc.rights | info:eu-repo/semantics/openAccess | en_US |
dc.rights | Attribution-NonCommercial-NoDerivs 3.0 United States | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/us/ | * |
dc.subject | Patents | en_US |
dc.subject | Innovation | en_US |
dc.subject | Economic growth | en_US |
dc.subject | Panel VAR and Granger Causality analysis | en_US |
dc.subject | Patent | en_US |
dc.subject | Yenilik | en_US |
dc.subject | Ekonomik büyüme | en_US |
dc.subject | Panel VAR ve Granger nedensellik analizi | en_US |
dc.subject.lcc | HD82 .Y55 2023 | |
dc.subject.lcsh | Patents -- Economic development. | en_US |
dc.subject.lcsh | Patents -- Economic aspects. | en_US |
dc.subject.lcsh | Technological innovations -- Economic aspects. | en_US |
dc.subject.lcsh | Patent laws and legislation. | en_US |
dc.title | The relationship between patents and economic growth: a panel VAR and causality analyses on OECD countries | en_US |
dc.title.alternative | Patentler ve ekonomik büyüme arasındaki ilişki: OECD ülkeleri üzerine panel VAR ve nedensellik analizleri | en_US |
dc.type | Master Thesis | en_US |
dspace.entity.type | Publication |
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