NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Francisco Veloso

Department of Engineering and Public Policy
Carnegie Melon University
131E Bake Hall, Pittsburgh, PA 15213

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NBER Working Papers and Publications

July 2014The Rise of International Coinvention
with Lee Branstetter, Guangwei Li
in The Changing Frontier: Rethinking Science and Innovation Policy, Adam B. Jaffe and Benjamin F. Jones, editors
The rapid rise of India and China as innovating nations seems to contradict conventional views of the economic growth and development process. India and China are still at the early stages of development, yet advanced nations are granting rapidly growing numbers of patents to inventors based in these countries. Our analysis of U.S. patents shows that a majority of these patents are granted to local inventor teams working for foreign multinationals. An important fraction of these patents incorporate direct intellectual inputs from researchers outside India or China, a trend that we characterize as "international co-invention." As such, the international patenting surge of India and China does not represent a challenge to traditional models of growth and development, so much as it represents...
 
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