It is shown that spillovers can enhance private returns to innovation if they feedback into the dynamic research of the original inventor (Internalized spillovers), butwill always reduce private returns, if the original inventor does not benefit fromthe advancements other inventors build into...

This paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United States over the last 150 years. Accor-ding to the “new growth theory,” investments in knowledge and human capital ge-nerate economic growth via spillovers of knowledge. But the...

This paper deals with modern industrial development processes of new technologies. It focuses an in-creasing complexity and interdependence of the different actors combining different knowledge assets.

Intellectual property rights are legal constraints that limit entry in industries where incumbentsare innovators. The set of legal constraints is the same for all industries, withoutconsidering that the externalities created by entry are not necessarily negative for the incumbentor that the...

We investigate the contribution of different inputs, particularly different knowledge sources,on regional patenting output in the framework of a knowledge production function. Theknowledge sources included are R&D employment, size of public research institutions byfield of research (budget),...