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Patent Institution, Innovation and Economic Growth in China

Zhang, Haiyang

Description

The patent institution is regarded as an effective way to stimulate innovation, facilitate technological dissemination, promote trade and enhance competitiveness (Idris 2003). However, by granting exclusive property rights, the patent institution creates a monopoly which in itself results in the loss of social welfare by impeding the use and development of the patented technologies by others (Drahos 1995, 1999). Therefore, the overall role of the patent institution in promoting economic...[Show more]

CollectionsANU Press (1965-Present)
Date published: 2014
Type: Book chapter
URI: http://hdl.handle.net/1885/55330
Source: Deepening Reform for China's Long-term Growth and Development
DOI: 10.22459/DRCLTGD.07.2014.20
Access Rights: Open Access via publisher website

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