play a role in the contemporaneous evolution of innovation in a broad cross section of countries today. Our results …, while 'home grown' innovation is more sensitive to internal structural and institutional factors. …

Patent citation data are used in a growing body of economics and business research on technological diffusion. Research … diffusing outward from the patenting entity. Until now, there exists little evidence on whether or not patent citations are a … good measure of knowledge flows. Our paper assesses the legitimacy of using European patent citations as a measure of …

issue, we build a model in which the value of an innovation depends both on the type of innovation implemented (product …, process) and on the existence of a patent protection or not. We obtain a three-equation model that links the values of product … and process innovations to the value of patent protection. This model and the feature of the data imply the estimation of …

. The business services industry has an important role in the national innovation system and in knowledge spillovers to … other industries. The innovation contribution of business services to the rest of the economy may countervail the effect of …

This paper investigates the effect of different patent regimes on R&D investment and social welfare in a duopoly market … with uncertain R&D process. We find that strong patent protection increases R&D investment of at least one firm but whether … both firms’ R&D investment will be more under strong patent protection is ambiguous. While ex-ante welfare is more likely …

In a model of sequential patent races, it is examined whether or not introducing a patent law in the home country is … beneficial to the firms and the society as a whole given the foreign country already offers patent protection. Before the first … patent race starts, the firms and the foreign country share interests. For a given total number of firms, the welfare effect …