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Global Trends in Innovation Patterns: A Complexity Approach

Author

Listed:
  • Ricardo Hausmann
  • Muhammed A. Yildirim
  • Christian Chacua
  • Matte Hartog
  • Shreyas Gadgin Matha

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.

Suggested Citation

  • Ricardo Hausmann & Muhammed A. Yildirim & Christian Chacua & Matte Hartog & Shreyas Gadgin Matha, 2024. "Global Trends in Innovation Patterns: A Complexity Approach," WIPO Economic Research Working Papers 80, World Intellectual Property Organization - Economics and Statistics Division.
    • Handle: RePEc:wip:wpaper:80
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    File URL: https://www.wipo.int/edocs/pubdocs/en/wipo-pub-econstat-wp-80-en-global-trends-in-innovation-patterns-a-complexity-approach.pdf
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    More about this item

    Keywords

    Economic complexity; Innovation complexity; Scientific complexity;
    All these keywords.

    JEL classification:

    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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