Patent law and economic performance
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Abstract
Comparing the historical patent systems of different European and non-European countries allows us to examine how national patent law influences the growth of an economy. Assuming that more innovations are generally associated with better economic performance, three major effects of patent law are conceivable. If properly designed, a patent law may be effective to increase domestic innovation activities, accelerate the import of technology from abroad, and facilitate the financing of innovations. This paper discusses these three mechanisms in detail
Keywords
- Corporate forms
- discrimination of foreigners
- economic growth
- imitation
- innovation
- IPO
- patent law
- risk capital
- technology transfer
