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When can strong patent regimes boost countries' stocks of inventions and related trade? An analytical model tested in Brazil, Egypt, Nigeria and South Africa in the energy, environment and pharmaceuticals and related sectors

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  • Lubango, Louis M.

Abstract

A framework for assessing countries' promptness to strengthen their patent regimes to boost the stock and commercial exchanges of their inventions is developed using an intellectual capital model and a concept map model. It was tested in Brazil, Egypt, Nigeria and South Africa in the energy, environment and pharmaceuticals sectors. Thus far, the findings have shown that stronger patent regimes are very likely to bring the complementary users of inventions together (beacon function), to spur coordination of commercial exchanges for inventions (bargain function) and stimulate further inventions when the core components of the intellectual capital and financial capital have expanded to the point that the coordination of exchanges can gain momentum. Some of the innovation policy implications are discussed in the paper.

Suggested Citation

  • Lubango, Louis M., 2015. "When can strong patent regimes boost countries' stocks of inventions and related trade? An analytical model tested in Brazil, Egypt, Nigeria and South Africa in the energy, environment and pharmaceuti," Technology in Society, Elsevier, vol. 42(C), pages 150-159.
    • Handle: RePEc:eee:teinso:v:42:y:2015:i:c:p:150-159
    DOI: 10.1016/j.techsoc.2015.05.001
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    References listed on IDEAS

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    1. James Bessen & Eric Maskin, 2009. "Sequential innovation, patents, and imitation," RAND Journal of Economics, RAND Corporation, vol. 40(4), pages 611-635, December.
    2. Murray, Fiona, 2004. "The role of academic inventors in entrepreneurial firms: sharing the laboratory life," Research Policy, Elsevier, vol. 33(4), pages 643-659, May.
    3. Stiglitz, Joseph E, 1996. "Some Lessons from the East Asian Miracle," The World Bank Research Observer, World Bank, vol. 11(2), pages 151-177, August.
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    Cited by:

    1. Willoughby, Kelvin W. & Mullina, Nadezhda, 2021. "Reverse innovation, international patenting and economic inertia: Constraints to appropriating the benefits of technological innovation," Technology in Society, Elsevier, vol. 67(C).

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