U.S. Granted Patents: Reissue Patents Originating in Michigan
PATENTUSMIREISSUE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-35.71%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Reissue Patents Originating in Michigan' trend measures the number of reissue patents granted by the U.S. Patent and Trademark Office that originated in the state of Michigan. This metric is important for economists and policymakers to understand innovation and technological development within a specific geographic region.
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
Reissue patents are granted when the original patent contains an error or defect. Tracking reissue patents originating in Michigan provides insight into the state's innovative capacity and the quality of patent applications filed by Michigan-based inventors and companies.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess Michigan's competitiveness in technology and research and development.
Key Facts
- Michigan accounts for approximately 3% of all U.S. reissue patents.
- Reissue patents make up around 1% of total U.S. granted patents.
- The number of reissue patents originating in Michigan has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of reissue patents granted by the U.S. Patent and Trademark Office that originated in the state of Michigan.
Q: Why is this trend relevant for users or analysts?
A: Tracking reissue patents originating in Michigan provides insight into the state's innovative capacity and the quality of patent applications filed by Michigan-based inventors and companies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to assess Michigan's competitiveness in technology and research and development.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Patent and Trademark Office, with minimal delays.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Reissue Patents Originating in Michigan (PATENTUSMIREISSUE), retrieved from FRED.