Joint EPO-EUIPO study highlights economic benefits of IP for Europe
Written by Daniel van Herck
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[Wednesday, 02 November 2016 12:31]
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Wednesday, 02 November 2016
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25 October 2016
The EPO and the EU Intellectual Property Office (EUIPO) today published their second EU-wide study of the impact of Intellectual Property Rights (IPR) on the European economy in terms of GDP, employment, wages and trade.
The study finds that more than 42% of total economic activity in the EU (some EUR 5.7 trillion annually) is generated by IPR-intensive industries, and approximately 38% of all employment in the EU (82 million jobs) stems from businesses that have a higher than average use of IP rights. The report also finds that average wages in IPR-intensive industries are more than 46% higher than in other industries.
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