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Institutions and technological innovation during early economic growth : evidence from the great inventors of the United States, 1790-1930

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dc.creator Khan, B. Zorina
dc.creator Sokoloff, Kenneth L.
dc.date 2004
dc.date.accessioned 2013-10-16T07:02:00Z
dc.date.available 2013-10-16T07:02:00Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18937
dc.identifier ppn:475053818
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18937
dc.description Biographical information on a sample of renowned U.S. inventors is combined with information on the patents they received over their careers, and employed to highlight the implications of patent institutions for markets in inventions and for democratization. The United States deliberately created a patent system that differed from existing European systems in ways that significantly affected the course of technological change. Patent rights in the U.S. helped to define and enforce tradable assets in new technological knowledge. By facilitating access to such markets in technology, patents enhanced the benefits to relatively disadvantaged individuals who might otherwise have been unable to directly extract returns from their technological creativity, and their response to such incentives increased overall technological progress. For this reason, despite the defects of patent monopolies, developing economies today may still advance technological progress and improve social welfare by providing broad access to property rights in inventions.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1299
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O31
dc.subject O3
dc.subject N00
dc.subject O34
dc.subject ddc:330
dc.subject Technischer Fortschritt
dc.subject Erfindung
dc.subject Patent
dc.subject Wirtschaftswachstum
dc.subject Industrialisierung
dc.subject Vereinigte Staaten
dc.title Institutions and technological innovation during early economic growth : evidence from the great inventors of the United States, 1790-1930
dc.type doc-type:workingPaper


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