<abstract xmlns="http://www.w3.org/1999/xhtml"><p>In this paper we have worked on a number of documents and articles published to find a relationship between patents and the economic growth of countries. We have found that patents and their applications are important for economic growth. The patent is not always a global indicator of all the technological knowledge produced, since a considerable number of technological know-how remains in the form of business secrets or sometimes the technology is published in scientific articles.</p><p>The patent can be an economic policy instrument to encourage investment in research and development. More patents lead to more innovations and vice versa. The patent is a vector of economic growth through the promotion of innovation.</p></abstract>

In this paper we have worked on a number of documents and articles published to find a relationship between patents and the economic growth of countries. We have found that patents and their applications are important for economic growth. The patent is not always a global indicator of all the technological knowledge produced, since a considerable number of technological know-how remains in the form of business secrets or sometimes the technology is published in scientific articles.The patent can be an economic policy instrument to encourage investment in research and development. More patents lead to more innovations and vice versa. The patent is a vector of economic growth through the promotion of innovation.

Roles of Patents in Economic Development and Integration

ECONOMICS

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Roles of Patents in Economic Development and Integration"}

In this paper we have worked on a number of documents and articles published to find a relationship between patents and the economic growth of countries. We...

Roles of Patents in Economic Development and Integration

Published Online: Jul 09, 2020

Page range: 23 - 30

Received: May 05, 2020

Accepted: May 16, 2020

DOI: https://doi.org/10.2478/eoik-2020-0008

Keywords
Patents, Development, Economies, property, wealth, growth

© 2020 Omar Tanane, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Roles of Patents in Economic Development and Integration

Published Online: Jul 09, 2020

Page range: 23 - 30

Received: May 05, 2020

Accepted: May 16, 2020

DOI: https://doi.org/10.2478/eoik-2020-0008

KeywordsPatents, Development, Economies, property, wealth, growth

© 2020 Omar Tanane, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Patents, Development, Economies, property, wealth, growth