Machine Tool Industry, Intellectual Property, and Gross Domestic Product
Journal of World Economic Research
Volume 3, Issue 3, June 2014, Pages: 21-24
Received: Jun. 17, 2014; Accepted: Jul. 23, 2014; Published: Jul. 30, 2014
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Author
Lyudmila Perepechko, Institute of Thermophysics SB RAS, Head of Innovation Department, Lavrentiev av., 1, Novosibirsk, 630090, Russia
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Abstract
The article presents the investigation results on the relationship between machine tool industry, intellectual property and gross domestic product. In this paper, we considered data from developed countries, BRIC countries, South Korea and Malaysia. It is concluded that the machine tool industry along with the intellectual property is a clear indicator of economic development. For economic growth and enlargement of the gross domestic product, it is important to develop industry and machine tool construction. For Russia's transition to an innovative way, it is necessary to develop the industrial production.
Keywords
Machine Tool Industry, Intellectual Property, Gross Domestic Product, Innovative Development
To cite this article
Lyudmila Perepechko, Machine Tool Industry, Intellectual Property, and Gross Domestic Product, Journal of World Economic Research. Vol. 3, No. 3, 2014, pp. 21-24. doi: 10.11648/j.jwer.20140303.11
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