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Innovation in the Mining Sector and Cycles in Commodity Prices
Economic Research Working Paper No. 55
This paper analyses the evolution of innovation in the mining sector and how this innovation responds to the economic environment, in particular to changes in commodity prices. For this purpose, we combine commodity price data with innovation data as proxied by patent filings extracted from a novel unit record database containing comprehensive patent and firm level data for the mining sector from 1970 to 2015. We include patents registered both by mining companies and mining equipment, technology and service (METS) firms. With a multi-country panel analysis, we find that innovation in the mining sector is cyclical. Innovation increases in periods of high commodity prices while decreasing during commodity price recessions. Our results suggest that innovation increases mostly with long price cycle variations, while mostly unaffected by medium and short cycles. METS related innovation seem the driving force of this mechanism. In contrast, countries specializing in mining industries are found to be slower in reacting to price changes.
Publication year: 2019
Global Innovation Index 2019
Creating Healthy Lives — The Future of Medical Innovation
The Global Innovation Index 2019 provides detailed metrics about the innovation performance of 129 countries and economies around the world. Its 80 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication. The GII 2019 analyzes the medical innovation landscape of the next decade, looking at how technological and non-technological medical innovation will transform the delivery of healthcare worldwide. It also explores the role and dynamics of medical innovation as it shapes the future of healthcare, and the potential influence this may have on economic growth. Chapters of the report provide more details on this year's theme from academic, business, and particular country perspectives from leading experts and decision makers.
Hague Yearly Review 2019 - Executive Summary
International Registrations of Industrial Designs
This executive brief identifies key trends in the use of the WIPO-administered Hague System for the International Registration of Industrial Designs.
Hague Yearly Review - International Registrations of Industrial Designs - 2019
Comprehensive facts, figures and analysis of the international registration of industrial designs.
Staff @ WIPO: Serving the Global IP System
WIPO's workforce is the human capital of the Organization and its greatest asset. This brochure shows a detailed picture of staffing at WIPO in 2019, offering a breakdown of the workforce by category, sector, funding, type of staff appointment, geographical representation and gender balance. It also reports on organizational performance, learning and development, and organizational conflict management.
Patent Cooperation Treaty Yearly Review 2019 - Executive Summary
The International Patent System
This document provides the key trends in the use of the WIPO-administered Patent Cooperation Treaty (PCT). This edition provides a summary of the statistics reported in the PCT Yearly Review 2019.
Madrid Yearly Review 2019 – Executive Summary
International Registrations of Marks
This executive brief identifies key trends in the use of the WIPO-administered Madrid System.
Guide to the Deposit of Microorganisms under the Budapest Treaty
The purpose of this Guide is to present in a systematic manner information on the procedures and requirements concerning the deposit of microorganisms and to give practical advice to persons depositing microorganisms for patent purposes, on the one hand, and to anyone wishing to obtain samples of such microorganisms, on the other hand.
Global Innovation Index 2019 - KEY FINDINGS
Creating Healthy Lives—The Future of Medical Innovation
Innovation and IP Rights in the Chilean Copper Mining Sector: The Role of the Mining, Equipment, Technology and Services Firms
Economic Research Working Paper No. 54
This analysis of intellectual property (IP) protection practices among mining equipment, technology and services suppliers (METS) in Chile's copper mining sector adds to a body of literature that has hitherto focused on high-income countries. It is based on data collated from an online survey of resident METS and on semi-structured interviews of executives from mining companies and suppliers, including two universities. The main conclusion is that, although METS appear to be innovative in relation to the mining sector and the economy as a whole, only a few use intellectual property rights (IPRs) to protect their innovations. The main reasons for this finding appear to be the cost and expected complexity of the registration process. Another noteworthy finding is the view that Chile has the requisite legal IPR expertise, but commercial capabilities (expertise in IPR-based innovation management and business plans) are much less developed. In the last section, four case studies of product and process innovation by four mining suppliers add some interesting insights to the analysis.