The rush for patents in the Fourth Industrial Revolution

Benassi, Mario; Grinza, Elena; Rentocchini, Francesco

doi:10.1007/s40812-020-00159-6

Cited by 18 publications

(9 citation statements)

References 24 publications

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“…There is general agreement that we are currently witnessing the emergence of a new technological paradigm that will arguably help shape economies and societies for decades to come (Benassi et al, 2020;OECD, 2017). It is also well understood that the breadth and depth of the transformative impact to be expected from these new technologies will amount to a new (fourth) industrial revolution (FIR).…”

Section: The Fourth Industrial Revolutionmentioning

confidence: 99%

“…There is much debate around the emerging wave of 'Industry 4.0' technologies which many see as amounting to a Fourth Industrial Revolution (FIR) with extensive socio-economic disruptions (Benassi et al, 2020; Organisation for Economic Co-operation and Development (OECD), 2017; Schwab, 2016). Initial studies have examinedat a macro-scalethe impact of digital technology on jobs and skills (Autor, 2015), the mobility of global talent (Baldwin, 2019), trade and foreign direct investment (FDI) flows (Strange & Zucchella, 2017) and on environmental sustainability (Götz & Jankowska, 2017).…”

Section: Introductionmentioning

confidence: 99%

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Pathways of regional transformation and Industry 4.0

Propris

Bailey

2021

Regional Studies

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We explore the impact of technological changes brought in by the Fourth Industrial Revolution on local systems of industrial specialization. To do so we connect the Evolutional Economic Geography literature on regional diversification with the literature on systems change, notably the multilevel perspective (MLP) framework, expanding the latter with a place-based dimension enabling the application of technological transition to regional economies. Here, a local system's ability to transform rests on three capabilities: innovation capabilities, docking capabilities and translational capabilities. Building on these, we identify four transformative paths: an endogenous transformative path; a hyper-transformative path; an importation transformative path; and a regional obsolescence path. We stress that local systems are not locked into a particular pathway, with implications for place-based industrial policy.

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Section: The Fourth Industrial Revolutionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Pathways of regional transformation and Industry 4.0

Propris

Bailey

2021

Regional Studies

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“…Cockburn et al (2018) analyse the development of scientific publications and patents in the domain of artificial intelligence in the US and show an exponential increase in the fields of learning systems (both publications and patents) and robotics (patents only). More recently, several studies have provided evidence on the surge of 4IR-related technologies (Benassi et al, 2020;EPO, 2017;Martinelli et al, 2019;Venturini, 2019).…”

Section: Background Literature and Contextmentioning

confidence: 99%

“…This classification defines a list of technological areas, each related to cooperative patent classification (CPC) codes, which represent 4IR technologies. It is used in a number of recent studies on the 4IR (Benassi et al 2020;Corrocher et al 2018;Weresa, 2019). In the EPO classification method, 4IR patents are classified along three main technology domains: core technologies, enabling technologies, and application technologies.…”

Section: The Variablesmentioning

confidence: 99%

“…The current academic literature on the 4IR mainly focuses on: (i) the potential technological disruption of the 4IR (Benassi et al, 2020;EPO, 2017;Martinelli et al, 2019); (ii) the analysis of specific 4IR technologies such as artificial intelligence systems, robots, and the like (Cockburn et al, 2018;Dernis et al, 2019), and (iii) the consequences for the future of employment (Frey and Osborne, 2017;Graetz and Michaels, 2018). However, despite the widespread interest, the evidence on antecedents and implications of the 4IR for companies is scant.…”

Section: Introductionmentioning

confidence: 99%

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Going Revolutionary: The Impact of 4IR Technology Development on Firm Performance

et al. 2020

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Drawing on the knowledge-based view of the firm, we investigate whether firm performance is related to the accumulated stock of technological knowledge associated with the Fourth Industrial Revolution (4IR), and what contextual factors affect this relationship. We test our research questions on a longitudinal matched patent-firm data set on large firms filing 4IR patents at the European Patent Office (EPO). Our results, which control for a large number of patent-and firmlevel variables as well as firm fixed unobserved heterogeneity, show a significant and economically relevant positive association between the development of 4IR technologies and firm productivity.However, no significant relationship with firm profitability is detected, thereby suggesting that the returns from 4IR technological developments are slow to cash in. We also find that late innovators benefit more from the development of 4IR technological capabilities than early innovators and experience a substantial "boost effect". We provide empirical support to an explanation of these findings in terms of the ability of late innovators to (i) manage the inherent complexity of the bundle of technologies comprising the 4IR and (ii) exploit profitable downstream applications of the 4IR.

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The Growing Importance of Intellectual Property (Rights)

Benassi

Martin-Sanchez

2022

Patent Intermediaries

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The rush for patents in the Fourth Industrial Revolution

Cited by 18 publications

References 24 publications

Pathways of regional transformation and Industry 4.0

Pathways of regional transformation and Industry 4.0

Going Revolutionary: The Impact of 4IR Technology Development on Firm Performance

The Growing Importance of Intellectual Property (Rights)

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