Research on the effects of patent protection on innovation and technology transfer in the cross-country pharmaceutical … industry adds to our understanding of the underlying forces driving a country's innovation level. Qian (2007) constructs a … not stimulate domestic innovation, as estimated by the US patent awards (both raw counts and citation-weighted) and …

the social benefits of their innovations if innovation is to be suitably rewarded and encouraged. However, this paper … deadweight loss associated with the patent system and discourage innovation by others. Economic efficiency is promoted if rewards … the patent system designed to spur innovation by better aligning the rewards and contributions of patent holders …