World Class Patents — The Gold of the Knowledge Economy?
Abstract Innovation is the foundation of social progress and international competitiveness. Based on a new approach to patent assessment, we show how the innovative power of major economies and world regions has shifted between 2000 and 2019. Analysing the top ten percent of the most important paten...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2020-09-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2744-x |
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| Summary: | Abstract Innovation is the foundation of social progress and international competitiveness. Based on a new approach to patent assessment, we show how the innovative power of major economies and world regions has shifted between 2000 and 2019. Analysing the top ten percent of the most important patents from the active patent portfolio in 58 cutting-edge technologies (world class patents), we find that the international balance of power in innovation is shifting in favour of East Asia. While the United States still enjoys a sizeable lead in many technologies, China is catching up fast, particularly in environment and nutrition. Europe has trouble keeping the pace, particulary in digitalisation. |
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| ISSN: | 0043-6275 1613-978X |