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Information and intellectual property: The global challenges

Author

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  • Aiyer Ghosh, Rishab

    (UNU-MERIT)

  • Soete, Luc

    (UNU-MERIT)

Abstract

The paper analyses the contribution of 'golden papers' - seminal works whose ideas remain as fresh and relevant today as when they were first published decades ago - and which continue to dominate academic discourse among successive generations of scholars. The authors analyse why two works written within an industrial development context: The simple economics of basic scientific research, by Richard Nelson (1959) and Kenneth Arrows Economic Welfare and the Allocation of Resources for Invention (1962), are so relevant in today’s knowledge-driven economic paradigm. Focusing on the papers’ application to current global policy debates on information/knowledge and intellectual property, they argue that while the context has changed the essential nature of innovation - driven by widespread access to the ability to replicate and improve - remains the same. Hence a focus on endogenous innovation policy is as relevant today as it was 50 years ago.

Suggested Citation

  • Aiyer Ghosh, Rishab & Soete, Luc, 2006. "Information and intellectual property: The global challenges," MERIT Working Papers 2006-029, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:unumer:2006029
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    File URL: https://unu-merit.nl/publications/wppdf/2006/wp2006-029.pdf
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    References listed on IDEAS

    as
    1. Mowery, David C., 1983. "Industrial Research and Firm Size, Survival, and Growth in American Manufacturing, 1921–1946: An Assessment," The Journal of Economic History, Cambridge University Press, vol. 43(4), pages 953-980, December.
    2. Francisco Sagasti, 2004. "Knowledge and Innovation for Development," Books, Edward Elgar Publishing, number 3306.
    3. Giovanni Dosi & Carolina Castaldi, 2002. "Local and Divergent Patterns of Technological Learning within (Partly) Globalized Markets. Is There Anything New? And What Can Policies Do about It? : A Concise Guide," LEM Papers Series 2002/22, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Nuvolari, A., 2003. "Open source software development: some historical perspectives," Working Papers 03.01, Eindhoven Center for Innovation Studies.
    5. Nathan ROSENBERG, 2009. "Why do firms do basic research (with their own money)?," World Scientific Book Chapters, in: Nathan Rosenberg (ed.), Studies On Science And The Innovation Process Selected Works of Nathan Rosenberg, chapter 11, pages 225-234, World Scientific Publishing Co. Pte. Ltd..
    6. Pavitt, Keith, 1984. "Sectoral patterns of technical change: Towards a taxonomy and a theory," Research Policy, Elsevier, vol. 13(6), pages 343-373, December.
    7. Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67(3), pages 297-297.
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    Cited by:

    1. Soete, Luc, 2008. "Science, Technology and Development: Emerging concepts and visions," MERIT Working Papers 2008-001, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Soete, Luc, 2019. "Science, technology and innovation studies at a crossroad: SPRU as case study," Research Policy, Elsevier, vol. 48(4), pages 849-857.

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    More about this item

    Keywords

    knowledge economy; science and technology; innovation; intellectual property rights; institutional change;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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