| Question 1. | ||
| (a) | Get data for patents granted to USA, CHINA and JAPAN from World Intellectual property | |
| office (WIPO) or World Bank‘s World development indicator (WDI) from 1980 to the latest | ||
| data available. Plot the data on the same axis (USE software). ` | ||
| (b) | What 5 observations can you make from that graph in (a) | |
| (c) | Get data in (a) and Standardize by getting patent/citizen for the same period. Graph again. | |
| (d) Compare observations in (c) with observations in (b) Any changes? Explain | ||
- “It has been speculated that patents are very good predictor of a nation’s economic growth (GDP growth).” Correlate data on patents for each of the three nations with its GDP growth for
the same period. Is the hypothesis supported? Explain
- The day China overtakes US in patents granted, is the day China will overtake USA as the world’s biggest economy. When will that be? Hint, extrapolate your data in (a) and (c )
(g) One student has suggested that patents are proxy measure of research output. Why it is a
proxy measure and what is the real measure(s)?
(g)Who would benefit most from your analysis (a-g)? Explain why
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