Protection of intellectual property to foster innovations in the service sector

Masayuki Morikawa 20 July 2014

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Given the declining labour force due to population ageing, accelerating the productivity growth of industries – especially the service industries – is an important element of the growth strategy in Japan and most advanced countries. While there are a variety of factors affecting productivity, innovation is one of the key determinants of productivity growth. However, innovation in the service sector has not been studied well. I present findings on innovation in the service sector by focusing on the effect of intellectual property rights on innovation.

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Topics:  Productivity and Innovation

Tags:  R&D, growth, productivity, patents, Japan, innovation, services, intellectual property, trade secrets

Did the internet prevent all invention from moving to one place?

Chris Forman, Avi Goldfarb, Shane Greenstein 23 May 2014

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Reading the technology press, it often seems as if the media think all high-tech invention happens in Silicon Valley. This parochial viewpoint highlights the ‘agglomeration’ advantages that the Valley provides to inventors because so many technology firms are located in the same place. These advantages include easier access to funding from local venture capitalists, sharing of fixed costs such as specialised patent lawyers, and easier exchange of ideas between researchers.

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Topics:  Frontiers of economic research Productivity and Innovation

Tags:  patents, information technology, technology, agglomeration, internet, economic geography, invention

Quid pro quo: Technology capital transfers for market access in China

Thomas Holmes, Ellen McGrattan, Edward C. Prescott 08 November 2013

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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). Moreover, while there has been an explosion of patenting in China by domestic applicants, FDI outflows from China to the US, Europe, and Japan remain small.

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Topics:  Global economy International trade

Tags:  China, patents, FDI, intellectual property rights

Does education lead to more innovation?

Otto Toivanen, Lotta Väänänen 21 July 2013

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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). This immediately leads to the following policy question: (how) can the number of inventors be increased?

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Topics:  Productivity and Innovation

Tags:  patents, inventors

The global race for inventors

Carsten Fink, Ernest Miguelez, Julio Raffo 17 July 2013

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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.

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Topics:  Migration Productivity and Innovation

Tags:  patents, innovation, migration, inventors

Do patent rights impede follow-on innovation?

Alberto Galasso, Mark Schankerman 14 May 2013

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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.

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Topics:  International trade Productivity and Innovation

Tags:  patents, innovation

Cumulative innovation and market value: Evidence from patent citations

Sharon Belenzon 03 July 2012

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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. A few years later these firms dominated the computed tomography scanner market, forcing EMI to drop out.

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Topics:  Productivity and Innovation

Tags:  US, patents, knowledge spillovers, inventions

Is the dragon learning to fly? An analysis of the Chinese patent explosion

Zhihong Yu , Markus Eberhardt, Christian Helmers 27 September 2011

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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. China’s ability to upgrade its technology-base and its moving up the value-chain has been widely regarded as hampered by weak (intellectual) property rights enforcement (Zhao 2006).

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Topics:  International trade Productivity and Innovation

Tags:  China, patents, intellectual property rights

Another reason for the EU patent: Declining validation rates

Bas Straathof, Sander van Veldhuizen 09 December 2010

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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. Following the many objections to patent law reform in the past, this time Spain and Italy are demanding that EU patents be translated in Spanish and Italian, in addition to the three official European languages, English, French, and German.

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Topics:  EU institutions EU policies International trade Productivity and Innovation

Tags:  Italy, patents, Spain, EU patent

On the consequences of an EU patent for inventors and patent offices

Bruno van Pottelsberghe de la Potterie, Jérôme Danguy 14 July 2010

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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.

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Topics:  EU institutions Productivity and Innovation

Tags:  patents, EU patent

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