INCREASING NUMBER OF INTERNATIONAL PATENTS IN EUROPE:A TREAT OR A THREAT?

This paper investigates the impact of international patent volumes in Europe on the EU’s trade flows, focusing mostly on high-tech exports. R, a programming language designed for statistical analysis and graphics, is used to analyzes relevant data in order to examine this relationship. The results demonstrate that increased international patent volumes correlate with growth in the EU's overall export flow, as well as with the growth in high-tech industries. Furthermore, international patents volumes across different industries in most of the cases positively affect high-tech export in same industries. This indicates that rather than presenting a threat, international patents serve as a catalyst for trade, underscoring their significance in promoting innovation and export capabilities of the EU.