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Infinite Possibilities – Statistical Annex
This annex supplements the analysis in the 4th edition of the U.S. Chamber of Commerce’s International IP Index (the Index) concerning the relationship between intellectual property (IP) standards and development of innovative and competitive economies. By comparing the U.S. Chamber of Commerce’s International IP Index scores with an expanded number of economic variables using correlations (statistical measures of the likelihood of two elements occurring together), the analysis in the Index and in this annex builds on the statistical analysis presented in the 3rd edition of the Index with the goal of presenting an even clearer picture of the economic benefits of strengthening IP rights.
Specifically, the 19 correlations in this annex include many of the correlations analyzed in the 3rd edition, along with 6 new correlations. All correlations in this annex rely on the new 2016 Index scores, which include the addition of 8 new economies, representing an increase in the sample size of over 25%. They also utilize the latest available data for the variables measured in comparison to the Index scores—both those included in the 3rd edition and those that are new in this edition. As such, the correlations here reflect the most up-to-date conditions and outcomes.
The larger sample size and updated datasets paint an even more compelling picture of the clear economic benefits of protecting IP. Broadly speaking, all correlations re-analyzed in this edition of the Index and annex demonstrate a similar—and in many cases, stronger—positive association. In fact, using the updated scores and data and the expanded sample size, at least two-thirds of the correlations presented last year in the third edition of the Index display a stronger correlation in this edition, further substantiating the findings made. In addition, the larger sample size of economies has allowed for greater insight into the benefits of making even incremental improvements in IP protection. Specifically, in several instances, even economies whose Index scores come in at the median or slightly above are more likely to experience many of the positive economic and societal outcomes discussed below relative to economies that continue to lag behind.
Of the 6 new correlations in this edition and annex—5 of which were included in the full report—the majority examine the relationship between a strong total IP environment and a wide number of economic activities reflecting fundamental conditions and activities that enable economies to create their own, bespoke paths to innovation and competitiveness. These range from a strong science base and access to financing, to foreign direct investment (FDI) and advanced technology markets, to actual innovation output, and to the latest digital technologies and creative content.
The annex is organized as follows:
Global Innovation Policy Center (GIPC) @globalIPcenter 3h
This webinar will offer SMEs support and guidance to best manage their inventions, brands, or creations globally and to grow and drive the green and digital transition with the power of #IP. More info: https://t.co/dAXEJRtcin