Battle of Patents: AUS vs US
32 Pages Posted: 17 Aug 2022
Date Written: August 6, 2022
Contrasting the innovation landscape in one country vis-a-vis a benchmark is instructive for targeted and effective policy. Using patent data from Australia and the United States (US), this study highlights each country's relative strengths and weaknesses. Patents in Australia are more basic, as judged by their breadth of technology classes, and more focused on material and chemical fields. In the US, the emphasis is on digital, semiconductor and wireless technologies. Innovation in both countries has moved towards digital and other frontier technologies, but the move in the US has been earlier and more drastic. The differences remain even accounting for the fact that many joint Australian--US patents are registered in the US only. There are also cross-country differences in the involvement of research institutes that have implications for the quality of patents.
Keywords: Innovation, Patent Scope, Basic Research, Digital Technology, Knowledge Diffusion
JEL Classification: O31, O34, O38
Suggested Citation: Suggested Citation