When Does Patent Protection Stimulate Innovation?

Andreas Panagopoulos ()

Bristol Economics Discussion Papers from School of Economics, University of Bristol, UK

Abstract: Patents act as an incentive to innovate. However, as this paper argues, patents can lead the patent holder to rest on his laurels and at the same time discourage some innovators from innovating, reducing knowledge spillovers. The combined result of the above suggests an inverse U relationship between patent protection and output growth.

Keywords: Intellectual property; patent races; growth. (search for similar items in EconPapers)
JEL-codes: K0 O11 O34 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2004-11
New Economics Papers: this item is included in nep-dev, nep-ino and nep-law
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bri:uobdis:04/565

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