Patentability and Knowledge Spillovers of Basic R&D

著者
Angus C. Chu and Yuichi Furukawa
雑誌/ワーキングペーパー
Southern Economic Journal
巻号/番号
Forthcoming
公開年月
2012
言語
英語
URL
http://econpapers.repec.org/paper/pramprapa/27813.htm
ファイル
備考
Summary

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.

 
This entry was posted in . Bookmark the permalink.

コメントを残す

メールアドレスが公開されることはありません。 * が付いている欄は必須項目です