The Impact of Patent Applications in the Context of the ESG Model at World Level
Angelo Leogrande,
Domenico Leogrande and
Alberto Costantiello ()
MPRA Paper from University Library of Munich, Germany
Abstract:
In the following article, we estimate the value of Patent Applications-PA in the context of the Environmental, Social and Governance-ESG model at world level. We use data from World Bank for 193 countries in the period 2011-2021. We found that PA is positively associated, among others, to “CO_2 Emissions” and “Mammal Species Threated”, and negatively associated among others to “Hospital Beds” and “Research and Development Expenditures”. Furthermore, we found that at aggregate level PA is negatively associated to each macro component of the ESG model i.e.: Environment, Social and Governance. Furthermore, we have applied eight different machine-learning algorithms for the prediction of the future value of PA. We found that the best predictive algorithm is the Simple Regression Tree in terms of minimization of MAE, RMSE and MSE and maximization of R-squared. The value of PA is predicted to growth by an average of 9.82% for the analysed countries.
Keywords: Analysis of Collective Decision-Making; General; Political Processes: Rent-Seeking; Lobbying; Elections; Legislatures; and Voting Behaviour; Bureaucracy; Administrative Processes in Public Organizations; Corruption; Positive Analysis of Policy Formulation; Implementation. (search for similar items in EconPapers)
JEL-codes: D7 D70 D72 D73 D78 (search for similar items in EconPapers)
Date: 2023-07-18
New Economics Papers: this item is included in nep-env, nep-ipr and nep-pol
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https://mpra.ub.uni-muenchen.de/117994/1/18-07-2023%20PA%20and%20ESG.pdf original version (application/pdf)
Related works:
Working Paper: The Impact of Patent Applications in the Context of the ESG Model at World Level (2023) 
Working Paper: The Impact of Patent Applications in the Context of the ESG Model at World Level (2023) 
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117994
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