Over the past two decades China’s economy has grown rapidly and the nation has become a major destination for foreign direct investment. Surprisingly, little of China's FDI inflows come from technologically advanced, dominant players in global investment such as the US, Europe, and Japan (Prasad and Wei 2007, Branstetter and Foley 2010).
Quid pro quo: Technology capital transfers for market access in China
Thomas Holmes, Ellen McGrattan, Edward C. Prescott, 8 November 2013
Does education lead to more innovation?
Otto Toivanen, Lotta Väänänen, 21 July 2013
There is a broad, research-based consensus amongst academic researchers, policymakers and pundits that the key to economic growth lies in improving productivity. There is also wide agreement that productivity increases come through innovation. As Charles Jones argues: “[t]he more inventors we have, the more ideas we discover, and the richer we all are” (2005).
The global race for inventors
Carsten Fink, Ernest Miguelez, Julio Raffo, 17 July 2013
Many countries are currently debating and reforming their immigration policies. One prominent question in these discussions is how to attract skilled workers that can ease domestic skills shortages and foster innovation and entrepreneurship.
Do patent rights impede follow-on innovation?
Alberto Galasso, Mark Schankerman, 14 May 2013
The patent system is one of the main instruments governments use to increase research and development incentives, while at the same time promoting follow-on innovation. However, there is growing concern among academic scholars and policy makers that patent rights are themselves becoming an impediment, rather than an incentive, to innovation.
Cumulative innovation and market value: Evidence from patent citations
Sharon Belenzon, 3 July 2012
Knowledge spillovers play a critical role in economic growth. For example, x-ray-computed tomography technology was developed and patented by EMI, which was able to exploit it initially. However, it also inspired hundreds of subsequent inventions by firms such as Pfizer, Syntex, Picker, and General Electric.
Is the dragon learning to fly? An analysis of the Chinese patent explosion
Zhihong Yu , Markus Eberhardt, Christian Helmers, 27 September 2011
China’s economic success over the past three decades has been widely regarded as the result of its ability to produce manufactured goods at low cost, building on the availability of cheap labour and scale economies, while relying on existing (albeit in part advanced) technologies of production.
Another reason for the EU patent: Declining validation rates
Bas Straathof, Sander van Veldhuizen, 9 December 2010
In a couple of weeks the European Council will decide on the implementation of the EU patent. This is the last chance in the foreseeable future to overcome the deadlock in the negotiations on harmonising the patent law.
On the consequences of an EU patent for inventors and patent offices
Bruno van Pottelsberghe de la Potterie, Jérôme Danguy, 14 July 2010
From a “European Union” perspective, the European patent system is highly fragmented. Indeed, it is actually a sum of 27 national patent systems – once a patent is granted it must be upheld, managed, and enforced at the country level. In case of litigation, it is frequent for applicants to be involved in several parallel litigations, with different outcomes across countries.
Beyond the prohibitive cost of patent protection in Europe
Bruno van Pottelsberghe de la Potterie, Malwina Mejer, 10 April 2009
A well-known drawback of the European patent system is the prohibitive cost of protection. Beyond its legal complexity (Straus 1997, 2002), the fragmented patent system is costly.
Innovation and institutional ownership
John Van Reenen, Philippe Aghion, Luigi Zingales, 20 March 2009
Long before the current financial crisis, many authors such as Michael Porter (1992) were criticising the Anglo-American style of financial markets for causing excessive “short-termism”.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Adelman, 28 October 2013
Reichlin, Giugliano, 7 November 2013
Holmes, McGrattan, Prescott
Beck, De Haas, Ongena