2013
DOI: 10.1016/j.respol.2012.05.014
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Reassessing patent propensity: Evidence from a dataset of R&D awards, 1977–2004

Abstract: It is well known that not all innovations are patented, but the exact volume of innovative activities undertaken outside the coverage of patent protection and, relatedly, the actual propensity to patent an innovation in different contexts remain, to a major degree, a matter of speculation. This paper presents an exploratory study comparing systematically patented and unpatented innovations over the period 1977-2004 across industrial sectors. The main data source is the 'R&D 100 Awards' competition organized by… Show more

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Cited by 83 publications
(51 citation statements)
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References 40 publications
(68 reference statements)
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“…57–58). Patent applications offer a reasonably good measure of specifically commercially viable, more tangible innovation—especially that which is generated by/in sectors and industries with higher propensities to patent (e.g., Mäkinen, ; Fontana, Nuvolari, Shimizu, & Vezzulli, )—but, as noted by Capello and Lenzi (, p. 189), they do not reflect “innovative efforts that can be developed either in the form of process, marketing, and organizational innovations or in the form of product innovation not [necessarily] obtained via research and patenting activities.” We are therefore only able to observe certain types of innovations and certain dimensions of a region's overall innovative capacity. Hence, while patents are a generally accepted proxy for innovation, they do not capture all types of innovative activity.…”
Section: Model and Variablesmentioning
confidence: 99%
“…57–58). Patent applications offer a reasonably good measure of specifically commercially viable, more tangible innovation—especially that which is generated by/in sectors and industries with higher propensities to patent (e.g., Mäkinen, ; Fontana, Nuvolari, Shimizu, & Vezzulli, )—but, as noted by Capello and Lenzi (, p. 189), they do not reflect “innovative efforts that can be developed either in the form of process, marketing, and organizational innovations or in the form of product innovation not [necessarily] obtained via research and patenting activities.” We are therefore only able to observe certain types of innovations and certain dimensions of a region's overall innovative capacity. Hence, while patents are a generally accepted proxy for innovation, they do not capture all types of innovative activity.…”
Section: Model and Variablesmentioning
confidence: 99%
“…Confirming this thesis, a study comparing systematically patented and unpatented innovations over the period 1977-2004 across industrial sectors disclosed that only 10% of technologically significant new products available for sale or licensing were patented (Fontana, Nuvolari, Shimizu & Vezzulli, 2013).…”
Section: The Enabling Environment For Innovationmentioning
confidence: 64%
“…Finally, firms' or individuals' propensity to patent cannot be reliably observed from public data alone (de Rassenfosse & van Pottelsberghe de la Potterie, 2009;Fontana et al, 2013).…”
Section: Selection Bias: Issues With Assessing the Quality Of Inventionsmentioning
confidence: 99%