The dynamic patent output elasticity of high tech industry in China
Journal of Knowledge-based Innovation in China
ISSN: 1756-1418
Article publication date: 5 April 2011
Abstract
Purpose
The purpose of this paper is to explore the relationship between the patenting movement and economic growth by analyzing development states and raising possible questions of high‐tech industries in order to provide lessons for policy makers.
Design/methodology/approach
A model of polynomial distribution with lagging effect was applied to patenting data and economic operation data, including revenue from new products.
Findings
Through three grouped investigations, namely: short term, medium term, and long term, it was found that innovation activities significantly influence positive economic growth in high‐tech industries. However, total patent output elasticity (POE) in some high‐tech industries is lower than in non‐high‐tech industries. Among the detailed sectors selected in this study, medical equipment and measuring instruments show higher POE.
Originality/value
This paper focuses on an industry‐level study of the relationship between the patenting movement and economic growth, which has important theoretical and practical significance to promoting high‐tech industry innovation capability and enhancing the technological innovation competitive advantage of China.
Keywords
Citation
Niu, X. and Chen, X. (2011), "The dynamic patent output elasticity of high tech industry in China", Journal of Knowledge-based Innovation in China, Vol. 3 No. 1, pp. 29-43. https://doi.org/10.1108/17561411111120855
Publisher
:Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited