Should the Government Protect its Basic Research?
Journal
Economics Letters
ISSN
0165-1765
ISSN-Digital
1873-7374
Type
journal article
Date Issued
2017-08
Author(s)
Abstract
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.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SEPS - Economic Policy
Refereed
Yes
Publisher
Elsevier
Publisher place
Amsterdam [u.a.]
Volume
157
Start page
122
End page
124
Subject(s)
Eprints ID
253503