Abstract
The purpose of the article is to clarify the impact of intellectual property using patent registers as an indicator of the efficiency of business systems development. The model additionally correlates patent activity with economic growth and development. There is a positive dynamic of activity between an increase in investment resources in research and development (R&D), on the one hand, and economic growth and development, on the other hand, which is observed through an increase in the volume of national patent applications. The development and implementation of state policies aimed at increasing intellectual capital and innovation can benefit the developing economy in many ways, including by ensuring the effectiveness of business systems development.
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