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Innovation, Inequality and Intellectual Property Rights

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  • Diana Weinhold

    (London School of Economics)

  • Usha Nair- Reichert

    (Georgia Institute of Technology)

Abstract

The existing literature on the sources and nature of productivity growth during the early industrialization stages of U.S. has identified the combination of intellectual property rights (IPRs) with a large middle class and broad participation in markets as explanations for the extraordinary level and growth of patenting. This paper considers whether these factors could play a role in the contemporaneous evolution of innovation in a broad cross section of countries today. Our results indicate that IPRs and the size of the middle class help explain patterns of resident, but not non-resident patenting. Overall, the evidence suggests that non-resident patenting patterns are driven more by exogenous factors and global integration, while 'home grown' innovation is more sensitive to internal structural and institutional factors.

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Bibliographic Info

Paper provided by EconWPA in its series Development and Comp Systems with number 0410002.

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Length: 26 pages
Date of creation: 05 Oct 2004
Date of revision: 04 Nov 2004
Handle: RePEc:wpa:wuwpdc:0410002

Note: Type of Document - pdf; pages: 26
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Web page: http://128.118.178.162

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Keywords: intellectual property rights; innovation; income inequality;

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Citations

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Cited by:
  1. Hatipoglu, Ozan, 2008. "An Empirical Analysis of the Relationship Between Inequality and Innovation in a Schumpeterian Framework," MPRA Paper 7856, University Library of Munich, Germany.
  2. William R. DiPietro, 2013. "Effects of Connectivity and Freedom on Innovation: An Empirical Test Using Different Data Sources," Review of Economics & Finance, Better Advances Press, Canada, vol. 3, pages 83-89, February.
  3. Castellacci, Fulvio & Natera, Jose Miguel, 2013. "The dynamics of national innovation systems: A panel cointegration analysis of the coevolution between innovative capability and absorptive capacity," Research Policy, Elsevier, Elsevier, vol. 42(3), pages 579-594.
  4. Ugur, Mehmet, 2012. "Market Power, Governance and Innovation: OECD Evidence," MPRA Paper 44141, University Library of Munich, Germany.

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