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
Views 2856 Downloads 159
Lyudmila Perepechko, Institute of Thermophysics SB RAS, Head of Innovation Department, Lavrentiev av., 1, Novosibirsk, 630090, Russia
Follow on us
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.
Machine Tool Industry, Intellectual Property, Gross Domestic Product, Innovative Development
To cite this article
Machine Tool Industry, Intellectual Property, and Gross Domestic Product, Journal of World Economic Research.
Vol. 3, No. 3,
2014, pp. 21-24.
Fagerberg, J., Feldman, M., Srholec, M., (2011) “Technological Dynamics and Social Capability: Comparing US States and European Nations”. Paper no. 2011/11. Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE), Lund University PO.
Crescenzi, R., Rodríguez-Pose, A., Storper, M., (2007) “The territorial dynamics of innovation: a Europe-United States comparative analysis”. Journal of Economic Geography, 7 (6), 673-709.
The Global Innovation Index: Stronger Innovation Linkages for Global Growth, (2012). Soumitra Dutta, INSEAD – Editor WIPO.
Romer, P.M., (1990) “Endogenous Technological Change”. Journal of Political Economy, 98, 71-102.
Aghion, P., & Howitt, P., (1992) “A Model of Growth through Creative Destruction”. Econometrica, 60, 323-351.
Heller, P.S., Porter, R. C., (1978) “Export and growth. An empirical re-investigation”. Journal of Development Economics, 5, 191-193.
Perepechko, L.N., (2014) “Intellectual Property as an Indicator of National Economic Growth”, International Journal of Economic Theory and Application, 1(1), 1-8.
Arnold, Heinrich, (2001) “The recent history of the machine tool industry and the effects of technological change”. 2001-14. University of Munich, Institute for Innovation Research and Technology Management.