'In the National Interest' Is Inventiveness a Good Proxy for National Benefit?
The objective of patent policy is to increase not reduce national economic welfare. Despite this goal, patent systems have been subject to little economic evaluation, in contrast to the continual assessment of other innovation support programs, such as the R&D tax concession, R&D grants and so on. In part this is because the available data simply does not support such assessments, despite the development of the major National Innovation Survey. In the absence of more direct data, it is possible...[Show more]
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