|
EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Jena Economic Research Papers, MPI für Ökonomik >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/31742
|
| | |
| Title: | | Intellectual property rights and the knowledge spillover theory of entrepreneurship  |
| Authors: | | Ács, Zoltán J. Sanders, Mark |
| Issue Date: | | 2008 |
| Series/Report no.: | | Jena economic research papers 2008,069 |
| Abstract: | | We develop a model in which stronger protection of intellectual property rights has an inverted U-shaped effect on innovation. Intellectual property rights protection allows the incumbent firms to capture part of the rents of commercial exploration that would otherwise accrue to the entrepreneurs. Stronger patent protection will increase the incentive to do R&D and generate new knowledge. This has a positive impact on entrepreneurship and innovation. However, after some point, further strengthening patent protection will reduce the returns to entrepreneurship sufficiently to reduce overall economic growth. |
| Subjects: | | Intellectual property rights endogenous growth entrepreneurship incentives knowledge spillovers rents |
| JEL: | | J24 L26 M13 O3 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/31742
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|