- A-Z
- Jena Economic Resea...
- Volume 2
- Intellectual Proper...
Intellectual Property Rights and the Knowledge Spillover Theory of Entrepreneurship
- Autor(in)
- Erschienen
- 11. September 2008
- Nummer des Discussion-Papers
-
2008-069
- Schlagwort(e)
-
Endogenous Growth
Entrepreneurship
Incentives
Intellectual Property Rights
Knowledge Spillovers
Rents
- Zusammenfsg.
-
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.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; L26 - Entrepreneurship ; M13 - New Firms; Startups ; O3 - Technological Change; Research and Development