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Empirical Economics

Patent Value Indicators and Technological Innovation

Journal Article
Svensson, Roger (2022). “Patent Value Indicators and Technological Innovation”. Empirical Economics 62(4), 1715–1742.

Roger Svensson

Patent value indicators are used to identify technological innovation. The probability of innovation correlates positively with patent renewal and patent family size, but only weakly with forward citations. However, the probability of a profitable innovation is only positively correlated with patent renewal.

Roger Svensson

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