U.S. Granted Utility Patents Originating in Calloway County, KY
PATENTCOUNTY21035 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Calloway County, KY' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that were filed by inventors residing in Calloway County, Kentucky. This data provides insight into the region's innovation and technological development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Utility patents are a type of patent granted for new and useful inventions, products, or processes. Tracking the number of utility patents originating from a specific county helps economists and policymakers understand the local innovation ecosystem and commercialization of new technologies.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of inventor residence.
Historical Context
Utility patent data is used to analyze regional economic and technological competitiveness.
Key Facts
- Calloway County, KY is home to Murray State University.
- Patents can lead to the creation of new products and companies.
- Utility patents protect functional inventions, not just designs.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents, a type of patent for new and useful inventions, that originate from Calloway County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: Utility patent data provides insight into the innovation and technological development occurring in a specific region, which is valuable for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by the county of the inventor's residence.
Q: How is this trend used in economic policy?
A: Utility patent data is used to analyze regional economic competitiveness and the commercialization of new technologies.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required for patent applications to be processed and approved.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Calloway County, KY (PATENTCOUNTY21035), retrieved from FRED.