Intellectual Property and the U.S. Economy

by Dennis Crouch

The USPTO Chief Economist Andrew Toole and his team have just unveiled a new report on Intellectual House and the U.S. Overall economy. Prior studies had been issued in 2012 and 2016.

IP-intensive industries account for 41% of domestic economic activity and about 44% of US employment. And, those employment have increased wages, better positive aspects, and so forth &#8212 particularly in the copyright and utility patent intensive industries.  The report alone incorporates an appendix describing how it classified these industries.

The report endeavors to supply sound information without in excess of-boasting &#8212 for instance, the report does not try to discern the financial influence of IP rights by themselves but relatively focuses on business amount impacts.