THE IMPORTANCE OF PATENTS IN ECONOMICS

Abstract

Intellectual property is a fairly broad topic for economic studies, but quite specific to Law. This article examines the theoretical aspects of patents and how they interact with various innovation indicators. Patents are a type of intellectual property as well as an outcome of innovation. Patents did not previously play a role in measuring economic growth. However, today we see the importance of increasing patents, and strengthening the protection of the intellectual property is a necessary condition for the growth of innovation activity in the country.