S. Galli
Patents and Research Tools in a Schumpeterian Growth Model with Sequential Innovation
Galli, S.
Authors
Abstract
In the standard quality-ladder growth models, R&D firms undertake independent innovation processes to discover ideas whose value immediately transfers into tradeable applications. Here the standard multisector neo-Schumpeterian growth theory is extended by decomposing product innovation into a two-stageuncertain research activity. I compare the general equilibrium innovative performance of an economy where early-stages scientific results are patentable with the general equilibrium innovative performance with unpatentable basic ideas freely disseminated by public research institutions (universities). I show that the widely documented increasing complexity experienced in applied R&D magnifies the public basic R&D inefficiencies and suggests the patentability of research tools.
Citation
Galli, S. (2006). Patents and Research Tools in a Schumpeterian Growth Model with Sequential Innovation. Rivista di politica economica. Selected papers, 2006(XI-XII, Nov-Dec), 63-104
| Journal Article Type | Article |
|---|---|
| Publication Date | Jan 1, 2006 |
| Deposit Date | Mar 2, 2010 |
| Journal | Rivista di politica economica. |
| Print ISSN | 0391-6170 |
| Publisher | LICOSA SpA |
| Peer Reviewed | Peer Reviewed |
| Volume | 2006 |
| Issue | XI-XII, Nov-Dec |
| Pages | 63-104 |
| Public URL | https://durham-repository.worktribe.com/output/1521838 |
| Publisher URL | http://www.rivistapoliticaeconomica.it/2006/nov_dic/ |
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