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- W2024143775 abstract "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." @default.
- W2024143775 created "2016-06-24" @default.
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- W2024143775 date "2011-03-16" @default.
- W2024143775 modified "2023-09-27" @default.
- W2024143775 title "Patents, knowledge spillovers, and entrepreneurship" @default.
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- W2024143775 doi "https://doi.org/10.1007/s11187-011-9322-y" @default.
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