|Title:||Do patents, trademarks and designs foster happiness in developed countries? An empirical analysis|
|Citation:||Derclaye, E. (2014). Do patents, trademarks and designs foster happiness in developed countries? An empirical analysis. International Journal of Happiness and Development, 1(4), 357-368.|
|Link(s):||Definitive , Open Access|
|Key Related Studies:|
|About the Data|
|Data Description:||The number of patents, trademarks and designs is analysed against the happiness index for the same country to look for a correlation. The paper looks at the data in developed countries where the number of patents,trademarks and designs should be relatively high in view of their state of development. The paper analyses the data relating to patents, trademarks and designs but not copyright, because copyright is not a registered right and there are no available statistics on how many works are in force in a country in a given year.|
|Data Type:||Secondary data|
|Secondary Data Sources:|
|Data Collection Methods:|
|Data Analysis Methods:|
|Cross Country Study?:||Yes|
|Government or policy study?:||No|
|Time Period(s) of Collection:||
Intellectual property rights are exclusive rights the law gives to authors and inventors to stimulate creativity and innovation. Intellectual property laws’ justification assumes that the more creations and inventions there are, the better off the population is. Therefore, the law promotes innovation and creativity without limits. This paper challenges this assumption by analysing empirically data on patents, trademarks and designs and on life satisfaction. It finds that there is no correlation between trademarks and designs and life satisfaction but a strong correlation between patents and life satisfaction. However passed a certain point, it is unclear whether more patents make people happier.
Main Results of the Study
The main conclusion is however that there is an increase in the happiness of countries when more patents are introduced and this limit on happiness occurs at some point and thereafter levels off or declines. This may mean that patents are a way to increase the happiness in a country but only up a certain point. Future research will be directed at trying to understand why increasing the number of patents per person beyond 104.6 does not lead to an increase in the happiness in the country.
Policy Implications as Stated By Author
The writers' main conclusion is that there is an increase in the happiness of countries when more patents are introduced and this limit on happiness occurs at some point and thereafter levels off or declines. This may mean that patents are a way to increase the happiness in a country but only up a certain point.
Coverage of Study
|Level of aggregation:||Country|
|Period of material under study:||2013|