Technological novelty profile and invention’s future impact

Date: 10 March 2016

We consider inventions as novel combinations of existing technological capabilities. Patent data allow us to explicitly identify such combinatorial processes in invention activities (Youn et al. in J R Soc Interface 12:20150272, 2015). Unconsidered in the previous research, not every new combination is novel to the same extent. Some combinations are naturally anticipated based on patent activities in the past or mere random choices, and some appear to deviate exceptionally from existing invention pathways. We calculate a relative likelihood that each pair of classification codes is put together at random, and a deviation from the empirical observation so as to assess the overall novelty (or conventionality) that the patent brings forth at each year. An invention is considered as unconventional if a pair of codes therein is unlikely to be used together given the statistics in the past.

Hyejin Youn Daniel Kim Daniel Burkhardt Cerigo Hawoong Jeong

Complexity Economics

Technological novelty profile and invention’s future impact


Type: paper

Technological novelty profile and invention’s future impact. EPJ Data Science 2016 5:8 (10 March 2016)


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