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THE IMPORTANCE OF INTELLECTUAL PROPERTY IN THE ECONOMY

The Office for Harmonization in the Internal Market (currently called OHIM) has conducted another study within the Observatory Infringement of Industrial Property Rights to assess the influence of these rights in companies. This study complements the first study published in 2013, by the European Patent Office, demonstrating the importance of industrial property and the impact on the international labor market (35%) and trade (90%).

This paper prepared by economists of OHIM, Member States of the European Union, the European Commission, Europe Economics and other institutions, it shows that the property of such rights entails better economic result with respect to those who do not have them . In particular, this conclusion is clearer in SMEs.

The result of this study has shifted to political and economic institutions in order to highlight the circle between industrial property and the economy so that adjusted to current economic needs action.


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