期刊名称：Departmental Discussion Papers / University of Glasgow, Department of Economics
出版年度：2008
卷号：1
出版社：University of Glasgow, Department of Economics
摘要：Brilliant ideas are key to economic growth. They often emerge
from scienti.c discoveries with no immediate commercial value .so
rewards may not be aligned to e¡èort. To foster innovation and growth
should basic research be publicly or privately funded? Post 1980, the
US intellectual property institutions facilitated the patentability of
basic research. We build a Schumpeterian model and match it to the
data to re-assess this important turning point. Keywords: R&D and
Growth, Sequential Innovation, Research Tools, Patent Laws, Kremer
Mechanism. JEL Classi.cation: O31, O34, O41.
