Patent Activity and the State of US Innovation
FEBRUARY 27, 2013
The study examines whether patent activity is a good concrete indicator of innovation, economic growth and productivity by looking at historical data going all the way back to 1790. This is a timely report given recent concerns that the US might be losing its innovation edge. Given the close link between innovation and economic growth, it’s not surprising that questions are being raised whether our current slow growth is evidence that the innovation engine is now stalled.