Economic Development in Modeling and Simulation: Inventor and Innovation Analysis

The objective of this paper is to illustrate that analysis methods applied to innovation networks in the form of patented inventions can be used advantageously for economic development purposes. The results of the analysis can be used to support a range of capabilities from building communities of practice, identifying regional innovation centers, and understanding community structures to achieve economic growth through innovation. In addition, it is an objective of this paper to highlight the role of Modeling and Simulation (M&S) in the advancement of industries pertinent to specific regional economies.
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