U.S. Granted Utility Patents Originating in Texarkana, TX-Texarkana, AR (MSA)
PATENTCBSA145500 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-66.67%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Texarkana, TX-Texarkana, AR (MSA)' tracks the number of utility patents issued by the U.S. Patent and Trademark Office that were filed by inventors located in the Texarkana metropolitan statistical area.
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
This economic indicator provides insight into the innovation and technological development occurring within the Texarkana region. Utility patents represent significant technological advancements with commercial applications, making this a key metric for assessing the area's competitiveness and ability to drive economic growth.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by policymakers, economic development agencies, and businesses to evaluate the Texarkana region's innovative capacity and competitiveness.
Key Facts
- Texarkana is a metropolitan statistical area (MSA) spanning Texas and Arkansas.
- Utility patents represent inventions with practical applications and commercial value.
- The Texarkana region has seen fluctuations in patent activity over time.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents originating from the Texarkana, TX-Texarkana, AR metropolitan statistical area. Utility patents represent significant technological inventions with commercial applications.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents in a region is a key indicator of its innovative capacity and ability to drive economic growth through new technologies and products.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers, economic development agencies, and businesses use this metric to evaluate the Texarkana region's competitiveness and potential for future innovation-driven growth.
Q: Are there update delays or limitations?
A: The data may have a lag of several months due to the patent application and issuance process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Texarkana, TX-Texarkana, AR (MSA) (PATENTCBSA145500), retrieved from FRED.