Should the Government Protect its Basic Research?
Guido Cozzi () and
Silvia Galli ()
MPRA Paper from University Library of Munich, Germany
Basic research is mainly performed publicly. Yet in the US public research findings were not patentable until 1980, and in other countries are not yet patentable. Patentability renders public research more directed, with less potential waste, but it also restricts private applied research. This paper shows, by means of a multi-stage Schumpeterian growth model, that in the long run the first effect is bound to dominate.
Keywords: R&D and Growth; Sequential Innovation; Public R&D; Patent Laws; Bayh-Dole Act. (search for similar items in EconPapers)
JEL-codes: H4 O3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ino, nep-ipr and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/79622/1/MPRA_paper_79622.pdf original version (application/pdf)
Journal Article: Should the government protect its basic research? (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:79622
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().