| By: |
Behrens, Vanessa;
Trunschke, Markus |
| Abstract: |
In this paper we explore the relationship between innovative firms that patent
technology related to Industry 4.0 and their economic performance. By applying
the new patent cartography developed by the EPO that identifies firm's 4.0
patents, this is one of the first large-scale, systematic studies on the
impact of 4.0 technologies. Since 4.0 patents are more likely to be general
purpose technologies, firms with 4.0 patents should be in a better position to
increase their sales as 4.0 technology has on average a wider industrial
applicability. Results of our Fixed Effects Least Squares regressions and
Dynamic Panel Model suggest that 4.0 patent stock is positively associated to
sales and that this effect is significantly larger than the effect of Non-4.0
patent stock. These effects are found to be decreasing with firm size. |
| Keywords: |
Industry 4.0,Patents,Firm Performance,Sales Growth |
| JEL: |
L25 O14 O33 |
| Date: |
2020 |
| URL: |
http://d.repec.org/n?u=RePEc:zbw:zewdip:20070&r=all |