Patents, knowledge spillovers, and entrepreneurship

被引:53
作者
Acs, Zoltan J. [2 ,3 ]
Sanders, Mark [1 ,3 ]
机构
[1] Utrecht Sch Econ, Utrecht, Netherlands
[2] George Mason Univ, Fairfax, VA 22030 USA
[3] Max Planck Inst Econ, Jena, Germany
关键词
Intellectual property rights; Knowledge spillovers; Endogenous growth; Entrepreneurship; R&D; Innovation; Invention processes; Inventions; INTELLECTUAL PROPERTY-RIGHTS; RESEARCH-AND-DEVELOPMENT; ENDOGENOUS-GROWTH; PROTECTION; INNOVATION; POLICY; MODEL; INVESTMENT; TECHNOLOGY; DIFFUSION;
D O I
10.1007/s11187-011-9322-y
中图分类号
F [经济];
学科分类号
02 ;
摘要
We develop an endogenous-growth model in which we distinguish between inventors and innovators. This distinction implies that stronger protection of intellectual property rights has an inverted U-shaped effect on economic growth. Intellectual property rights protection attributes part of the rents of commercial exploitation to the inventor that would otherwise accrue to the entrepreneur. Stronger patent protection will therefore increase the incentive to do research and development (R&D) and generate new knowledge. This new knowledge has a positive effect on entrepreneurship, innovation, and growth. However, after some point, further strengthening of patent protection will reduce the returns to entrepreneurship sufficiently to reduce the overall growth rate.
引用
收藏
页码:801 / 817
页数:17
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