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Innovation, Intellectual Property, and Economic Growth.

by Greenhalgh, Christine; Rogers, Mark.
Material type: materialTypeLabelBookDescription: 1 online resource (385 pages).ISBN: 9781282608184.Subject(s): Electronic booksOnline resources: Click to View
Contents:
Cover -- Contents -- Preface -- References -- I The Nature of Innovation -- 1 The Nature and Importance of Innovation -- 1.1 Introduction -- 1.2 What Is Innovation? -- 1.3 The Microeconomic Effects of Innovation -- 1.4 Interaction between Producers and Users of Innovation -- 1.5 Innovations and Market Failure -- 1.6 Restoring Incentives to Invent and Innovate -- 1.7 Firms Competing through Innovation -- 1.8 Conclusion -- References -- 2 The Nature and Role of Intellectual Property -- 2.1 Introduction -- 2.2 Why Are Intellectual Property Rights Awarded? -- 2.3 Patents -- 2.4 Trademarks -- 2.5 Designs and Utility Models -- 2.6 Copyright -- 2.7 Further Questions about IPRs -- 2.8 Conclusions -- References -- 3 The Measurement of Innovation, Productivity, and Growth -- 3.1 Introduction -- 3.2 How Can Innovation Be Measured? -- 3.3 Illustrations of Innovation Statistics -- 3.4 Productivity at the Firm, Industry, and Economy Level -- 3.5 Comparing Productivity and Growth across Countries -- 3.6 Conclusion -- References -- II The National Innovation System -- 4 The National Innovation System -- 4.1 Introduction -- 4.2 The National Innovation System -- 4.3 The Central Role of R&D -- 4.4 The Government-University Axis -- 4.5 The University-Business Axis -- 4.6 The Government-Business Axis -- 4.7 National Innovation Systems in Emerging Markets -- 4.8 Conclusions -- References -- 5 Innovative Firms and Markets -- 5.1 Introduction -- 5.2 Entrepreneurship and New Firms -- 5.3 Innovation and Firms -- 5.4 Markets and Innovation -- 5.5 Empirical Evidence on the Returns to Innovation -- 5.6 Evidence on Interactions between Competition and Innovation -- 5.7 Conclusions -- References -- 6 Intellectual Property Rights and Firms -- 6.1 Introduction -- 6.2 How Can Firms Benefit from IPRs? -- 6.3 Exploring the Returns to IPRs -- 6.4 Markets for IPRs.
6.5 Costs of Obtaining and Enforcing IPRs -- 6.6 IPR Strategies -- 6.7 Empirical Studies on the Value of IPRs -- 6.8 Conclusions -- References -- 7 Diffusion and Social Returns -- 7.1 Introduction -- 7.2 Modeling the Rate of Adoption of an Innovation -- 7.3 Statistical Evidence on Rates of Adoption -- 7.4 Spillovers and Social Returns to Innovation -- 7.5 Empirical Studies of Social Returns -- 7.6 Spatial Dimensions of Spillovers -- 7.7 Conclusions -- References -- III The Macroeconomics of Innovation -- 8 Models of Economic Growth -- 8.1 Introduction -- 8.2 The Neoclassical Growth Model -- 8.3 Endogenous Growth Models -- 8.4 Evolutionary and Other Models -- 8.5 Conclusions -- References -- 9 Innovation and Globalization -- 9.1 What Is Globalization? -- 9.2 World Trade in Historical Perspective -- 9.3 Theories of Trade and Growth -- 9.4 International Knowledge and Technology Flows: Theory and Evidence -- 9.5 International Financial Flows -- 9.6 International Aspects of IPRs -- 9.7 Conclusions -- References -- 10 Technology, Wages, and Jobs -- 10.1 Introduction -- 10.2 Microeconomic Models of Innovation and Labor Markets -- 10.3 Innovation and Labor Markets: Evidence from Firms -- 10.4 Macroeconomic and Trade Models of Innovation and Labor Markets -- 10.5 Conclusions -- References -- IV Economic Policy -- 11 Microeconomic Policies to Promote Firm-Level Innovation -- 11.1 Introduction -- 11.2 Is the Intellectual Property System Working? -- 11.3 Incentive Systems for Encouraging Firm-Level R&D -- 11.4 Other Innovation Policies -- 11.5 Conclusions -- References -- 12 Macroeconomic Issues and Policy -- 12.1 Introduction -- 12.2 Macroeconomic Evidence on IPRs and Economic Growth -- 12.3 Trade-Related Aspects of Intellectual Property (TRIPS) -- 12.4 Intellectual Property Rights, Exhaustion, and Parallel Imports -- 12.5 Piracy and Counterfeit.
12.6 R&D in the Global Economy -- 12.7 International Migration of Skilled Labor -- 12.8 Conclusions -- References -- Mathematical Appendix -- A.1 Production Functions -- A.2 Present Discounted Value -- A.3 Derivatives -- A.4 Marginal Products and Diminishing Returns -- A.5 Accumulation Equations and Growth Rates -- A.6 Logarithms and Production Functions -- A.7 Differential Equations and a Catch-up Model -- A.8 Estimating Production Functions -- References -- Index.
Summary: What drives innovation? How does it contribute to the growth of firms, industries, and economies? And do intellectual property rights help or hurt innovation and growth? Uniquely combining microeconomics, macroeconomics, and theory with empirical analysis drawn from the United States and Europe, this book introduces graduate students and advanced undergraduates to the complex process of innovation. By addressing all the major dimensions of innovation in a single text, Christine Greenhalgh and Mark Rogers are able to show how outcomes at the microlevel feed through to the macro-outcomes that in turn determine personal incomes and job opportunities. In four sections, this textbook comprehensively addresses the nature of innovation and intellectual property, the microeconomics and macroeconomics of innovation, and economic policy at the firm and macroeconomic levels. Among the topics fully explored are the role of intellectual property in creating incentives to innovate; the social returns of innovation; the creation and destruction of jobs by innovation; whether more or fewer intellectual property rights would give firms better incentives to innovate; and the contentious issues surrounding international treaties on intellectual property. Clearly organized and highly readable, the book is designed to be accessible to readers without advanced economics backgrounds. Most technical materials appear in boxed inserts and appendixes, and numerous graphs and tables elucidate abstract concepts.Provides a comprehensive overview of the economic causes and effects of innovation Covers microeconomics, macroeconomics, theoretical and empirical analysis, and policy Includes up-to-date coverage of trends and policy in intellectual property and research and development Features mathematics appendix and keywords and questions to assist learning and teaching LectureSummary: slides and outlines of answers to discussion questions available online.
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Cover -- Contents -- Preface -- References -- I The Nature of Innovation -- 1 The Nature and Importance of Innovation -- 1.1 Introduction -- 1.2 What Is Innovation? -- 1.3 The Microeconomic Effects of Innovation -- 1.4 Interaction between Producers and Users of Innovation -- 1.5 Innovations and Market Failure -- 1.6 Restoring Incentives to Invent and Innovate -- 1.7 Firms Competing through Innovation -- 1.8 Conclusion -- References -- 2 The Nature and Role of Intellectual Property -- 2.1 Introduction -- 2.2 Why Are Intellectual Property Rights Awarded? -- 2.3 Patents -- 2.4 Trademarks -- 2.5 Designs and Utility Models -- 2.6 Copyright -- 2.7 Further Questions about IPRs -- 2.8 Conclusions -- References -- 3 The Measurement of Innovation, Productivity, and Growth -- 3.1 Introduction -- 3.2 How Can Innovation Be Measured? -- 3.3 Illustrations of Innovation Statistics -- 3.4 Productivity at the Firm, Industry, and Economy Level -- 3.5 Comparing Productivity and Growth across Countries -- 3.6 Conclusion -- References -- II The National Innovation System -- 4 The National Innovation System -- 4.1 Introduction -- 4.2 The National Innovation System -- 4.3 The Central Role of R&D -- 4.4 The Government-University Axis -- 4.5 The University-Business Axis -- 4.6 The Government-Business Axis -- 4.7 National Innovation Systems in Emerging Markets -- 4.8 Conclusions -- References -- 5 Innovative Firms and Markets -- 5.1 Introduction -- 5.2 Entrepreneurship and New Firms -- 5.3 Innovation and Firms -- 5.4 Markets and Innovation -- 5.5 Empirical Evidence on the Returns to Innovation -- 5.6 Evidence on Interactions between Competition and Innovation -- 5.7 Conclusions -- References -- 6 Intellectual Property Rights and Firms -- 6.1 Introduction -- 6.2 How Can Firms Benefit from IPRs? -- 6.3 Exploring the Returns to IPRs -- 6.4 Markets for IPRs.

6.5 Costs of Obtaining and Enforcing IPRs -- 6.6 IPR Strategies -- 6.7 Empirical Studies on the Value of IPRs -- 6.8 Conclusions -- References -- 7 Diffusion and Social Returns -- 7.1 Introduction -- 7.2 Modeling the Rate of Adoption of an Innovation -- 7.3 Statistical Evidence on Rates of Adoption -- 7.4 Spillovers and Social Returns to Innovation -- 7.5 Empirical Studies of Social Returns -- 7.6 Spatial Dimensions of Spillovers -- 7.7 Conclusions -- References -- III The Macroeconomics of Innovation -- 8 Models of Economic Growth -- 8.1 Introduction -- 8.2 The Neoclassical Growth Model -- 8.3 Endogenous Growth Models -- 8.4 Evolutionary and Other Models -- 8.5 Conclusions -- References -- 9 Innovation and Globalization -- 9.1 What Is Globalization? -- 9.2 World Trade in Historical Perspective -- 9.3 Theories of Trade and Growth -- 9.4 International Knowledge and Technology Flows: Theory and Evidence -- 9.5 International Financial Flows -- 9.6 International Aspects of IPRs -- 9.7 Conclusions -- References -- 10 Technology, Wages, and Jobs -- 10.1 Introduction -- 10.2 Microeconomic Models of Innovation and Labor Markets -- 10.3 Innovation and Labor Markets: Evidence from Firms -- 10.4 Macroeconomic and Trade Models of Innovation and Labor Markets -- 10.5 Conclusions -- References -- IV Economic Policy -- 11 Microeconomic Policies to Promote Firm-Level Innovation -- 11.1 Introduction -- 11.2 Is the Intellectual Property System Working? -- 11.3 Incentive Systems for Encouraging Firm-Level R&D -- 11.4 Other Innovation Policies -- 11.5 Conclusions -- References -- 12 Macroeconomic Issues and Policy -- 12.1 Introduction -- 12.2 Macroeconomic Evidence on IPRs and Economic Growth -- 12.3 Trade-Related Aspects of Intellectual Property (TRIPS) -- 12.4 Intellectual Property Rights, Exhaustion, and Parallel Imports -- 12.5 Piracy and Counterfeit.

12.6 R&D in the Global Economy -- 12.7 International Migration of Skilled Labor -- 12.8 Conclusions -- References -- Mathematical Appendix -- A.1 Production Functions -- A.2 Present Discounted Value -- A.3 Derivatives -- A.4 Marginal Products and Diminishing Returns -- A.5 Accumulation Equations and Growth Rates -- A.6 Logarithms and Production Functions -- A.7 Differential Equations and a Catch-up Model -- A.8 Estimating Production Functions -- References -- Index.

What drives innovation? How does it contribute to the growth of firms, industries, and economies? And do intellectual property rights help or hurt innovation and growth? Uniquely combining microeconomics, macroeconomics, and theory with empirical analysis drawn from the United States and Europe, this book introduces graduate students and advanced undergraduates to the complex process of innovation. By addressing all the major dimensions of innovation in a single text, Christine Greenhalgh and Mark Rogers are able to show how outcomes at the microlevel feed through to the macro-outcomes that in turn determine personal incomes and job opportunities. In four sections, this textbook comprehensively addresses the nature of innovation and intellectual property, the microeconomics and macroeconomics of innovation, and economic policy at the firm and macroeconomic levels. Among the topics fully explored are the role of intellectual property in creating incentives to innovate; the social returns of innovation; the creation and destruction of jobs by innovation; whether more or fewer intellectual property rights would give firms better incentives to innovate; and the contentious issues surrounding international treaties on intellectual property. Clearly organized and highly readable, the book is designed to be accessible to readers without advanced economics backgrounds. Most technical materials appear in boxed inserts and appendixes, and numerous graphs and tables elucidate abstract concepts.Provides a comprehensive overview of the economic causes and effects of innovation Covers microeconomics, macroeconomics, theoretical and empirical analysis, and policy Includes up-to-date coverage of trends and policy in intellectual property and research and development Features mathematics appendix and keywords and questions to assist learning and teaching Lecture

slides and outlines of answers to discussion questions available online.

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2019. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

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