Changing Nature of Patents in Australia

    Research output: Contribution to journalArticle

    Abstract

    Recent decades have seen substantial changes to the innovation systems of major economies, not least due to a paradigm shift caused by the digital revolution. Whether smaller advanced economies such as Australia have undergone a similar shift or moved to fill the void left by other countries is unclear. This issue is important as it sets the long-term growth path of these economies. I use Australian patent data and show that there has been a similar surge in Australia in patenting, mainly driven by medical and digital technologies. Australia, however, is showing more strength in a few niche areas. At the same time, the scope of patents, as one measure of basicness, narrowed over the years. This has been driven by private companies opting for applied research and also refocusing their innovation efforts away from chemical and material technologies and onto digital technologies and other applied areas.
    Original languageEnglish
    Pages (from-to)288-307
    JournalThe Australian Economic Review
    Volume56
    Issue number3
    DOIs
    Publication statusPublished - 2023

    Cite this