Innovation Expectations and Patenting in Private and Public R&D Projects

Mika Haapanen; Helena Lenihan; Anu Tokila

doi:10.1111/grow.12193

Innovation Expectations and Patenting in Private and Public R&D Projects

Mika Haapanen, Helena Lenihan, Anu Tokila

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

In this paper, we investigate how the innovation expectations of public financiers are related to realized patents. The analysis is based on a novel data set of collaborative R&D projects subsidized by the Finnish Agency of Technology and Innovation (Tekes) and the European Regional Development Fund (ERDF) during the period 2000–2004. Innovation expectations are measured using reports submitted by Tekes experts during ex ante assessments of projects. Our probit model results reveal that Tekes' patent expectations are positively related to realized patents for projects led by private firms (but not by public organizations). For large organizations, Tekes' innovation expectations are better at predicting patenting.

Original language	English
Pages (from-to)	744-768
Number of pages	25
Journal	Growth and Change
Volume	48
Issue number	4
DOIs	https://doi.org/10.1111/grow.12193
Publication status	Published - Dec 2017

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10.1111/grow.12193

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Innovation Expectations and Patenting in Private and Public R&D Projects

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