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Upstream Innovation Protection: Common Law Evolution and the Dynamics of Wage Inequality

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Author Info
Guido Cozzi
Silvia Galli

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Abstract

What is the most innovation-enhancing level of patent protection for the new ideas generated within the framework of multi-stage sequential innovation? How does increasing early innovation appropriability affect basic research, applied research, education, and wage inequality? What does the common law system imply on the macroeconomic responses to institutional change? We show how the jurisprudential changes in intellectual property rights witnessed in the US after 1980 can be related to the well-known increase in wage inequality and in education attainments. A Schumpeterian general equilibrium approach is followed.

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Paper provided by Department of Economics, University of Glasgow in its series Working Papers with number 2009_20.

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Date of creation: May 2009
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Handle: RePEc:gla:glaewp:2009_20

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Related research
Keywords: Basic and Applied R&D; Sequential Innovation; Skill Premium; Inequality and Education; Research Exemption; Common Law;

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Find related papers by JEL classification:
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes
O34 - Economic Development, Technological Change, and Growth - - Technological Change - - - Intellectual Property Rights

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References listed on IDEAS
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  1. Chu, Angus C., 2009. "Macroeconomic Effects of Intellectual Property Rights: A Survey," MPRA Paper 17342, University Library of Munich, Germany. [Downloadable!]
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