International journal of management reviews vol:4 issue:3 pages:213-231
Science and technology development have become critical instruments in the public policy arena given their demonstrated impact on economic progress, As a consequence, a wide array of indicators for measuring and mapping scientific and technological activity, their progress and their outcomes, has been developed over recent decades (see for instance, European Commission, 2nd Report on S&T Indicators, 1997). The majority of these indicators relate to measuring and mapping the published journal and patent literature. In the second part of this review, we focus on a state-of-the-art overview of patent indicators and their multiple uses in supporting the development of science and technology policy. We also discuss the limitations and the pitfalls related to their use.