Does Intellectual Property Protection Spur Technological Change? (2001)
| Venue: | Cox International Law Center at Case Western Reserve University |
| Citations: | 49 - 0 self |
BibTeX
@TECHREPORT{Evenson01doesintellectual,
author = {Robert E. Evenson and Sunil Kanwar and Sunil Kanwar and Sunil Kanwar and Robert Evenson and Robert Evenson},
title = {Does Intellectual Property Protection Spur Technological Change?},
institution = {Cox International Law Center at Case Western Reserve University},
year = {2001}
}
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Abstract
Of the diverse factors motivating technological change, one factor that has received increasing attention in the recent past has been the protection of intellectual property rights. Given fairly recent changes in the international policy ethos where a regime of stronger intellectual property protection has become a fait accompli for most developing countries, it is of some significance to ask whether more stringent protection of intellectual property does indeed encourage innovation. And this is the question which this paper examines, utilising crosscountry panel data on R&D investment, patent protection and other country-specific characteristics spanning the period 1981-1990. The evidence unambiguously indicates the significance of intellectual property rights as incentives for spurring innovation. JEL Classification: O34, O31 Keywords: Intellectual Property Rights, Technological Change, Economic Growth 2 Does Intellectual Property Protection spur Technological Change? Sunil Kanwar and Robert Evenson A distinctive characteristic of modern economic growth has been the significant role played by technological change. Of the diverse factors motivating technological change, one factor that has received increasing attention in the recent past has been the role of intellectual property protection. Given the shift in the ownership distribution of innovations away from individuals and towards large corporations in `recent decades' 1 , intellectual property protection has arguably become an even more important stimulus than hitherto; for such protection augments both the means and the incentive to undertake expensive innovation. While there has been an on-going debate on whether strong(er) intellectual property protection encourages or retards the rate of technological cha...
Keyphrases
technological change intellectual property protection intellectual property right diverse factor recent past technological cha sunil kanwar recent change robert evenson distinctive characteristic crosscountry panel data towards large corporation intellectual property jel classification protection augments ownership distribution economic growth stringent protection international policy ethos patent protection fait accompli country-specific characteristic important stimulus significant role modern economic growth on-going debate developing country recent decade o31 keywords expensive innovation
