2020/07 | LEM Working Paper Series | ||||||||||||||||
International Patent Protection and Trade: Transaction-Level Evidence |
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Gaetan de Rassenfosse, Marco Grazzi, Daniele Moschella and Gabriele Pellegrino |
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Keywords | |||||||||||||||||
Export; Patents; Products; Intellectual property rights; Innovation.
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JEL Classifications | |||||||||||||||||
D22, F10, F14, O30, O34
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Abstract | |||||||||||||||||
This paper investigates the extent to which international trade hinges onpatents.
We analyze the export and patenting activities of the universe of French exporting
firms over the period 2002–2011. The noticeable feature of our study is that we
observe export and patenting activities worldwide and at the product level. We
exploit how heterogeneity of patent coverageacross (and within) product-country
relates to exports. We find a patent premium of at least 10 percent, which is
mainly associated with a quantity effect. A modest price effect emerges in specific
sectors, notably pharmaceuticals.
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