KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
HOW CAN RESEARCH NETWORKS IMPROVE THE INNOVATION PROCESS?
Abstract: Accumulation of human capital is essential for economic
growth. An important question is how knowledge spillover into innovations
and production. One way of knowledge diffusion is within innovation
networks. We investigate innovative networks in patent data in Sweden from
1994-2001. We define research networks with the help of direct and indirect
ties among inventors. The main result clearly indicates that those
researchers that collaborating, in innovation networks, improves the
efficiency of the innovation process by getting more patents applications
approved. The odds getting a patent application approved are in the range
1.1 to 1.5 times better if an application is a result from research
collaboration. Moreover, the result suggests that collaboration is more
important in the IT sector than in the mechanical engineering sector.
Finally, the empirical outcomes indicate that networking is more important
in less dense areas compared to the denser labor markets. Thus, networks in
such areas might be a substitute for agglomeration advantages.
Keywords: Innovation network analysis; patents; success and failure in innovation; (follow links to similar papers)
JEL-Codes: N34; O31; R11; (follow links to similar papers)
31 pages, December 11, 2007
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