The Role of Patents in the Automotive Industry - ”A Longitudinal Study of the Automotive Industry”

Abstract: This thesis explores the relationship between R&D, patents, sustainability, and economic growth. We examine innovation in the automotive industry through a quantitative and longitudinal study between 2000 and 2020. We study current theories regarding innovation, sustainability, and patents. We arrived at some variables that will be analyzed by regression analysis. The results indicate that R&D intensity positively affects both patents and green patents. On the other hand, we do not see any significant results regarding the relationship between patents and economic growth. The results were discussed, and we ultimately concluded by stating the most important managerial takeaways, these being (1) the Importance of understanding changes in patent trends, (2) Investigating regional differences, and (3) prioritizing sustainable development.