Federal Reserve Bank of St. Louis: The Innovation Puzzle - Patents and Productivity Growth
March 30, 2024
March 30, 2024
ST. LOUIS, Missouri, March 30 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following article:
* * *
The Innovation Puzzle: Patents and Productivity Growth
By Aakash Kalyani
Evaluating innovation policy includes understanding the pace of technological progress. Economists often measure a country's rate of progress using the number of new patents, which are exclusive rights inventors receive for their inventions. Figure 1 shows th . . .
* * *
The Innovation Puzzle: Patents and Productivity Growth
By Aakash Kalyani
Evaluating innovation policy includes understanding the pace of technological progress. Economists often measure a country's rate of progress using the number of new patents, which are exclusive rights inventors receive for their inventions. Figure 1 shows th . . .