What Does China's Rise in Patents Mean? A Look at Quality vs. Quantity

2 Pages Posted: 23 Jul 2018 Last revised: 18 Aug 2018

Ana Maria Santacreu

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Heting Zhu

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Date Written: 2018

Abstract

Using three measurements of patent quality, we argue that there is still room for China to improve its innovative activities. Comparing the number of patent applications and patent grants across countries, we see that although the United States and Japan have been global leaders in innovation for a long time, South Korea and China are catching up fast. If China sustains its large innovation investment and shifts its focus from quantity to quality, together with an improvement in intellectual property rights, the likelihood of becoming one of the next innovation leaders could be much higher.

Suggested Citation

Santacreu, Ana Maria Maria and Zhu, Heting, What Does China's Rise in Patents Mean? A Look at Quality vs. Quantity (2018). Economic Synopses, Issue 14, pp. 1-2, 2018. Available at SSRN: https://ssrn.com/abstract=3217543 or http://dx.doi.org/10.20955/es.2018.14

Ana Maria Maria Santacreu (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States

Heting Zhu

Federal Reserve Banks - Federal Reserve Bank of St. Louis

P.O. Box 442
St. Louis, MO 63166-0442
United States

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