Running to Stand Still? - Intellectual Property and Value Added in Innovating Firms.
We construct a unique panel dataset to examine how R&D; and intellectual property (IP), via patents and trade marks, increase firm productivity. Knowledge has public good characteristics of non-depletability and non-excludability. Even with IP, imitation and inventing around other firm's products is possible, so we examine the size and duration of benefits to IP protection. If non-depletion is correct, this implies that absolute R&D;, or total IP assets are important. We examine this ...Expand abstract
- Department of Economics (University of Oxford)
- Discussion paper series
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