nep-ipr New Economics Papers
on Intellectual Property Rights
Issue of 2023‒08‒28
one paper chosen by
Giovanni Ramello, Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

  1. The Impact of Patent Applications in the Context of the ESG Model at World Level By Leogrande, Angelo; Leogrande, Domenico; Costantiello, Alberto

  1. By: Leogrande, Angelo; Leogrande, Domenico; Costantiello, Alberto
    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.
    JEL: D7 D70 D72 D73 D78
    Date: 2023–07–18

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