How do foreign patent rights affect US exports, affiliate sales, and licenses?

• 成果类型: Article
• 署名作者: Smith, PJ
• 署名单位: University of Minnesota System; University of Minnesota Twin Cities
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(01)00086-1
• 发表日期: 2001
• 页码: 411-439
• 关键词: Intellectual property rights; international trade; multinational firms; Licensing

摘要

This paper analyzes how foreign patent rights (FPRs) affect US exports, affiliate sales, and licenses. Our approach is distinctive in three ways. We apply ownership, location, and internalization concepts to link FPRs with servicing decisions. We account for the simultaneity of servicing decisions. We estimate the relative effects of FPRs on exports, affiliate sales, and licenses. Empirical findings show strong FPRs increase US affiliate sales and licenses, particularly across countries with strong imitative abilities. Further, FPRs have a larger effect on US knowledge transferred outside the country and firm, relative to knowledge located inside the country and internalized inside the firm. (C) 2001 Elsevier Science B.V. All rights reserved.