English, Article, Journal or magazine article edition: Intellectual Property Rights and the Knowledge Spillover Theory of Entrepreneurship Zoltan J. Acs; Mark Sanders

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Bookmark: http://trove.nla.gov.au/version/1017
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Intellectual Property Rights and the Knowledge Spillover Theory of Entrepreneurship
Author
  • Zoltan J. Acs
  • Mark Sanders
Physical Description
  • preprint
Notes
  • RePEc:jrp:jrpwrp:2008-069
  • 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.
  • Intellectual Property Rights, Endogenous Growth, Entrepreneurship, Incentives, Knowledge Spillovers, Rents
  • RePEc:use:tkiwps:0823
Language
  • English
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