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.
[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.
[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.
@article{"International Journal of Business, Human and Social Sciences:68052", author = "Mario Gómez and José Carlos Rodríguez", title = "Innovation Trends in South Korea", 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.", volume = "8", number = "9", pages = "3061-5", }
