Abstract

BELTRAN-MORALES, Luis Felipe; ALMENDAREZ-HERNANDEZ, Marco Antonio  and  JEFFERSON, David J.. The Effect of Innovation on Development and Growth in Mexico: An Approach Using Patents. Prob. Des [online]. 2018, vol.49, n.195, pp.55-76. ISSN 0301-7036.  https://doi.org/10.22201/iiec.20078951e.2018.195.63191.

This paper introduces an empirical model drawing on data generated over a decade of analysis, aiming to explain the impact of intellectual property by using patent records as an indicator. The model moreover correlates patenting with economic development and growth in Mexico. The pattern that emerges is a positive tie between greater investment in research and development (R+D) on the one hand, and economic development and growth on the other, manifest in the rising volume of national patent applications. The development and implementation of public policies designed to augment intellectual capital and innovation could benefit an emerging economy like that of Mexico in countless ways.

Keywords : Patents; economic development; technological change; R+D; linear regression analysis.