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The ‘inventor balance’ and the functional specialization in global inventive activities

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  • Lucio Picci
  • Luca Savorelli

Abstract

Inventors and organizational assets are inputs of inventive activities which are often provided at a global scale, where countries might specialize in the provision of one or the other type of inputs. We introduce a new patent-based metric, the ‘inventor balance’, to quantify this type of functional specialization, which we discover to be considerable, and we propose a conceptual framework to explain it. We observe a progressive ‘decoupling’ of national sub-systems providing respectively inventors and organizational assets. Moreover, we find that countries with a high level of innovativeness relative to their economic development, high technological specialization, and strong individualistic cultural traits, contribute relatively more inventors than organizations to the global production of inventions.

Suggested Citation

  • Lucio Picci & Luca Savorelli, 2018. "The ‘inventor balance’ and the functional specialization in global inventive activities," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 27(1), pages 39-61, January.
  • Handle: RePEc:taf:ecinnt:v:27:y:2018:i:1:p:39-61
    DOI: 10.1080/10438599.2017.1293598
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