Patent Institution, Innovation and Economic Growth in China

Haiyang Zhang

    Research output: Chapter in Book/Report/Conference proceedingChapter


    The patent institution is regarded as an effective way to stimulate innovation, facilitate technological dissemination, promote trade and enhance competitiveness (Idris 2003). However, by granting exclusive property rights, the patent institution creates a monopoly which in itself results in the loss of social welfare by impeding the use and development of the patented technologies by others (Drahos 1995, 1999). Therefore, the overall role of the patent institution in promoting economic development, especially for developing countries characterised by a generally low technology level, is rather ambiguous, and depends on facts that vary from case to case.
    Original languageEnglish
    Title of host publicationDeepening Reform for China's Long-term Growth and Development
    Editors Ligang Song, Ross Garnaut, Cai Fang
    Place of PublicationCanberra
    PublisherANU Press
    ISBN (Print)9781925021769
    Publication statusPublished - 2014


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