U.S. Granted Utility Patents Originating in Morgantown, WV (MSA)
PATENTCBSA134060 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
52.38%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the Morgantown, West Virginia metropolitan statistical area (MSA). It provides insight into the innovation and technological activity in this specific 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
The U.S. Granted Utility Patents Originating in Morgantown, WV (MSA) series tracks the total number of utility patents issued to inventors located within the Morgantown, WV MSA. Utility patents protect new and useful inventions, and this data can be used to analyze regional innovation and entrepreneurship.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by economists and policymakers to understand regional economic development and competitiveness.
Key Facts
- Morgantown, WV is home to West Virginia University, a major research institution.
- Patent activity can signal a region's technological competitiveness.
- Utility patents protect new and useful inventions or improvements.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Morgantown, West Virginia metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the innovation and technological activity in the Morgantown, WV region, which can be used to analyze regional economic development and competitiveness.
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 and policymakers to understand regional innovation and entrepreneurship, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publishing schedule of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Morgantown, WV (MSA) (PATENTCBSA134060), retrieved from FRED.