{"title":"Changing Nature of Patents in Australia","authors":"Sasan Bakhtiari","doi":"10.1111/1467-8462.12521","DOIUrl":null,"url":null,"abstract":"<p>Recent decades have seen substantial changes to the innovation systems of major economies, not least due to a paradigm shift caused by the digital revolution. Whether smaller advanced economies such as Australia have undergone a similar shift or moved to fill the void left by other countries is unclear. This issue is important as it sets the long-term growth path of these economies. I use Australian patent data and show that there has been a similar surge in Australia in patenting, mainly driven by medical and digital technologies. Australia, however, is showing more strength in a few niche areas. At the same time, the scope of patents, as one measure of basicness, narrowed over the years. This has been driven by private companies opting for applied research and also refocusing their innovation efforts away from chemical and material technologies and onto digital technologies and other applied areas.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 3","pages":"288-307"},"PeriodicalIF":1.0000,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12521","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Australian Economic Review","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1467-8462.12521","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Recent decades have seen substantial changes to the innovation systems of major economies, not least due to a paradigm shift caused by the digital revolution. Whether smaller advanced economies such as Australia have undergone a similar shift or moved to fill the void left by other countries is unclear. This issue is important as it sets the long-term growth path of these economies. I use Australian patent data and show that there has been a similar surge in Australia in patenting, mainly driven by medical and digital technologies. Australia, however, is showing more strength in a few niche areas. At the same time, the scope of patents, as one measure of basicness, narrowed over the years. This has been driven by private companies opting for applied research and also refocusing their innovation efforts away from chemical and material technologies and onto digital technologies and other applied areas.
期刊介绍：
An applied economics journal with a strong policy orientation, The Australian Economic Review publishes high-quality articles applying economic analysis to a wide range of macroeconomic and microeconomic topics relevant to both economic and social policy issues. Produced by the Melbourne Institute of Applied Economic and Social Research, it is the leading journal of its kind in Australia and the Asia-Pacific region. While it is of special interest to Australian academics, students, policy makers, and others interested in the Australian economy, the journal also considers matters of international interest.
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