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The Impact of Patent Applications in the Context of the ESG Model at World Level

Author

Listed:
  • Angelo Leogrande

    (LUM - Università LUM Giuseppe Degennaro = University Giuseppe Degennaro)

  • Domenico Leogrande

    (UNIBA - Università degli studi di Bari Aldo Moro = University of Bari Aldo Moro)

  • Alberto Costantiello

    (LUM - Università LUM Giuseppe Degennaro = University Giuseppe Degennaro)

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Angelo Leogrande & Domenico Leogrande & Alberto Costantiello, 2023. "The Impact of Patent Applications in the Context of the ESG Model at World Level," Working Papers hal-04165252, HAL.
    • Handle: RePEc:hal:wpaper:hal-04165252
    Note: View the original document on HAL open archive server: https://hal.science/hal-04165252v1
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    1. repec:osf:socarx:z2ums_v1 is not listed on IDEAS
    2. Leogrande, Angelo & Leogrande, Domenico & Costantiello, Alberto, 2023. "The Impact of Patent Applications in the Context of the ESG Model at World Level," EconStor Preprints 273495, ZBW - Leibniz Information Centre for Economics.

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    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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