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One of the objectives of patent systems is to disclose information which other agents can build on in further … inventions and in their decision-making. While some observers take it as given that real-world patent systems serve this … objective, we argue in this article that patent systems are highly opaque and likely to be of limited value as a source of …
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This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering almost 20,000 patenting firms from Europe over the period 2003-2012. The main outcome from the proposed GMM-SYS estimations is the labour-friendly nature of innovation, which...
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