Joint EPO-EUIPO study highlights economic benefits of IP for Europe
Written by Daniel van Herck :: [Wednesday, 02 November 2016 12:31]
Created Wednesday, 02 November 2016 Hits 422 views
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.