The 'Inventor Balance' and the Functional Specialization in Global Inventive Activities
Economics of Innovation and New Technology, Forthcoming
48 Pages Posted: 31 Jan 2017
Date Written: January 31, 2017
Abstract
Inventors and organizational assets are inputs of inventive activities which are often provided at a global scale, where countries might specialize in the provision of one or the other type of inputs. We introduce a new patent-based metric, the “inventor balance”, to quantify this type of functional specialization, which we discover to be considerable, and we propose a conceptual framework to explain it. We observe a progressive “decoupling” of national sub-systems providing respectively inventors and organizational assets. Moreover, we find that countries with a high level of innovativeness relative to their economic development, high technological specialization, and strong individualistic cultural traits, contribute relatively more inventors than organizations to the global production of inventions.
Keywords: Patents, Inventor balance, Inventor criterion, Applicant criterion, Internationalization of R&D, Specialization, Technology gaps
JEL Classification: O31, O34, F21, F23, F29
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