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Technological Innovation Index
By:Freddy Pachys
Published on 2017-02-24 by Vernon Press

Not all innovations are equal. Though recent economic literature on the evaluation of technological change acknowledges this reality, actual evaluation methods suffer from numerous limitations. Technological Innovation Index uses patent citation analysis to highlight the enormous variation in the characteristics, importance and evolution of technology over time and outlines a set of sophisticated tools for its analysis. Prominent among them is ?Patent Importance Technology Factor? (PITF), an improved algorithm for the calculation of patent impact using citation scores. The usefulness of PITF is illustrated by examining the evolution paths of high-impact innovations. The methods proposed have important implications for the measurement of technological change and would be of interest to a wide range of patent specialists, including economists, technology evaluators, finance and law professionals.|The work of Fredrick Pachys signifies a further and important contribution towards our ability to quantify in a meaningful way the |importance| or |impact| of patents. There is no question that in this era of accelerated innovations we need better indicators of the significance of patents, both for academic purposes and for policy - PITF is a milestone in that direction.|Prof. Manuel TrajtenbergTel-Aviv University, Author of |Patents, Citations and Innovations: A Window on the Knowledge Economy| (with Adam Jaffe). Cambridge, Mass.: MIT Press, 2002.

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Book which was published by Vernon Press since 2017-02-24 have ISBNs, ISBN 13 Code is 9781622732135 and ISBN 10 Code is 1622732138

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