As usual during these periods of budget planning, government shutdown and market tribulations, economic studies often lead the way to provide with huge amounts of data, demonstrating various elements of how important Intellectual Property is. Yesterday, The European Patent Office (EPO) and the Office of Harmonization for the Internal Market (OHIM) published a long awaited report related to the economics of Intellectual Property Rights (IPR) intensive industries and their contribution to economic performance and employment in the EU.
|IPKats are not afraid to crunch numbers|
“Trade marks industries constitute the account for the highest shares in both employment and GDP, followed by patents and copyright in the US and by designs, patents and copyright in the EU.Comparing the results of this EU study with those for the US reveals that the two economies have a similar structure, as is to be expected given their similar level of development. However, in terms of the contribution of IPR-intensive industries, the shares in employment and GDP are somewhat higher in the EU: 26% vs. 19% for employment and 39% vs. 35% for GDP.”
However, 88,3% of imports are made by the same industries. The report explains the high level of import: “This is because even industries producing commodities such as energy are IPR-intensives while on the other hand, many non-IPR-intensive activities are also non-tradable. For that reason, 88% of EU imports consist of products of IPR-intensive industries.”