Chu, Angus C. and Furukawa, Yuichi (2011): Patentability and knowledge spillovers of basic R&D.
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This study develops an R&D-based growth model with basic and applied research to analyze the growth and welfare effects of two patent instruments: (a) the patentability of basic R&D, and (b) the division of profit between basic and applied researchers. We find that for the purpose of stimulating basic R&D and economic growth simultaneously, increasing the share of profit assigned to basic researchers is more effective than raising the patentability of basic R&D, which has either a negative effect or an inverted-U effect on technological progress. However, a benevolent patent authority requires both patent instruments to achieve the socially optimal allocation in the decentralized economy.
|Item Type:||MPRA Paper|
|Original Title:||Patentability and knowledge spillovers of basic R&D|
|Keywords:||economic growth; innovation; intellectual property rights|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O34 - Intellectual Property and Intellectual Capital
O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
|Depositing User:||Angus C. Chu|
|Date Deposited:||24. Jul 2011 17:53|
|Last Modified:||20. Feb 2013 09:32|
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Growth and Welfare Effects of Patentability and Knowledge Spillovers of Basic R&D. (deposited 04. Jan 2011 21:59)
- Patentability and knowledge spillovers of basic R&D. (deposited 24. Jul 2011 17:53) [Currently Displayed]