Abstract

GUZMAN, Alenka; GOMEZ VIQUEZ, Hortensia  and  LOPEZ HERRERA, Francisco. Patents and Economic Growth, the case of Mexico during the NAFTA. Econ: teor. práct [online]. 2018, n.spe4, pp.177-213. ISSN 2448-7481.  https://doi.org/10.24275/etypuam/ne/e042018/guzman.

Once characterized the nature of patents granted in Mexico by the Instituto Mexicano de la Propiedad Intelectual (IMPI), the aim of this paper is to analyze the long-run relationship between economic activity and the number of resident holders patents during the period 1991-2015. Within the context of a growing Mexican technological dependence, the findings based on an econometric cointegrating model between such variables and a Vector Error Correction Model (VECM), suggest that the marginal change in the patents affects the GDP growth rate but this does not have a significant effect on the number of patents change. Also, it is possible to appreciate a structural change. Finally, we detect that shocks in both, the number of patents and GDP have only transient effects on the number of patents, but the shocks in the number of patents have effects on PIB that could be significantly negative and permanent.

Keywords : Innovation; patents and economic growth; cointegration Granger causality; Mexico; IMPI; NAFTA; O43; O16; E44.