Global Trends in Innovation Patterns: A Complexity Approach

Ricardo Hausmann, Muhammed A. Yildirim, Christian Chacua, Matte Hartog and Shreyas Gadgin Matha

No 80, WIPO Economic Research Working Papers from World Intellectual Property Organization - Economics and Statistics Division

Abstract: Technological know-how in a country shapes its growth potential and competitiveness. Scientific publications, patents, and international trade data offer complementary insights into how ideas from science, technology, and production evolve, combine, and are transformed into capabilities. Analyzing their trajectories enables a more comprehensive and multifaceted understanding of the whole innovation process, from generating ideas to internationally commercializing products. We analyze the production patterns in these three domains, documenting the differences between advanced and emerging market economies. We find that future income, patenting, and publishing growth correlate with the economic complexity indices calculated from these domains. Capabilities embedded in the country also shape future diversification opportunities and make the innovation process path dependent. Lastly, we also show that diversification opportunities can be inferred across innovation domains.

Keywords: Economic complexity; Innovation complexity; Scientific complexity (search for similar items in EconPapers)
JEL-codes: F60 O25 O30 O38 (search for similar items in EconPapers)
Date: 2024-04
New Economics Papers: this item is included in nep-cse, nep-ino and nep-tid
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