TY - JOUR
T1 - Changing Nature of Patents in Australia
AU - Bakhtiari, Sasan
N1 - Publisher Copyright:
© 2023 The Authors. The Australian Economic Review published by John Wiley & Sons Australia, Ltd on behalf of The University of Melbourne, Melbourne Institute: Applied Economic & Social Research, Faculty of Business and Economics.
PY - 2023/9
Y1 - 2023/9
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=85165645106&partnerID=8YFLogxK
U2 - 10.1111/1467-8462.12521
DO - 10.1111/1467-8462.12521
M3 - Article
SN - 0004-9018
VL - 56
SP - 288
EP - 307
JO - Australian Economic Review
JF - Australian Economic Review
IS - 3
ER -