PATENT VALUATION, INTERNATIONAL INTELLECTUAL PROPERTY RIGHTS, AND INNOVATION

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PATENT VALUATION, INTERNATIONAL INTELLECTUAL PROPERTY RIGHTS, AND INNOVATION

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dc.contributor.advisor Park, Walter G. en_US
dc.contributor.author Kabore, Francois Pazisnewende en_US
dc.contributor.other Reynolds, Kara en_US
dc.contributor.other Feinberg, Robert en_US
dc.date.accessioned 2012-08-22T15:01:11Z
dc.date.available 2012-08-22T15:01:11Z
dc.date.created 2012 en_US
dc.date.issued 2012-08-22
dc.identifier.other Kabore_american_0008E_10168 en_US
dc.identifier.uri http://hdl.handle.net/1961/11057
dc.description Degree awarded: Ph.D. Economics. American University en_US
dc.description.abstract My research addresses three questions. The first is, does the value of a patent depend on its family size and composition? In the literature on technological change, patents are the most widely used intangible rights to proxy for innovation. However, there is a consensus among innovation economists that the current valuation methods (patent count, citations, renewals, etc.) have limitations. With Walter Park, I create and test the robustness of a patent valuation method, termed "family size and composition patent valuation method," and I hypothesize that the value of patents depends both on the number of the legal jurisdictions where patents are protected and on the market size of the countries that constitute those jurisdictions. We use renewal data, as independent confirmation data, to help demonstrate the predictive accuracy of this method in determining the likelihood of patent renewal and patent survival.Given these results to the first question, the second question investigates the impact of Intellectual Property Rights (IPR) on the flow of valuable knowledge capital and on technology gaps, using the new "family size and composition patent valuation method." The chapter develops and estimates a model of international patenting and Total Factor Productivity (TFP) behavior. I find that IPR protection positively impacts the flow of local innovation and the diffusion of valuable knowledge and TFP. Using the citation method of valuing patents tends to underestimate the impact of IPR on the diffusion of valuable innovation.The third question focuses on the impact of IPR on innovation and technology transfer in Africa. The study investigates whether stronger patent rights protection pushes out the frontiers of technology by favoring the emergence and flow of valuable innovation. I find that stronger IPR protection favors the generation of important innovation as well as the diffusion of valuable technology. Moreover, the impact of local innovation is larger in magnitude than the impact on technology diffusion. This suggests that previous results were likely driven by proxies used for innovation. Further IPR-related data collection and a cautious strengthening of IPR to foster the generation of valuable knowledge capital in Africa are the implications for policy. en_US
dc.format.extent 145 p. en_US
dc.format.mimetype application/pdf en_US
dc.publisher American University en_US
dc.subject Economics en_US
dc.subject Intellectual property en_US
dc.subject.other Africa en_US
dc.subject.other Developing countries en_US
dc.subject.other Innovation en_US
dc.subject.other Intelletual Property en_US
dc.subject.other Patent value en_US
dc.subject.other Technology Transfer en_US
dc.title PATENT VALUATION, INTERNATIONAL INTELLECTUAL PROPERTY RIGHTS, AND INNOVATION en_US
dc.type Text en_US
dc.type Dissertation en_US


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