Machine tool industry, intellectual property, and gross domestic product

摘要

The article presents the investigation results on the relationship between machine tool industry, intellectual property and gross domestic product. In this paper, we considered data from developed countries, BRIC countries, South Korea and Malaysia. It is concluded that the machine tool industry along with the intellectual property is a clear indicator of economic development. For economic growth and enlargement of the gross domestic product, it is important to develop industry and machine tool construction. For Russia's transition to an innovative way, it is necessary to develop the industrial production.