Handbook on Law, Innovation and Growth

Handbook on Law, Innovation and Growth

Elgar original reference

Edited by Robert E. Litan

A central goal of any economy is to achieve rapid and sustained growth. This cannot happen without continued innovation. This landmark Handbook brings together many of the world’s legal scholars to examine features of the legal infrastructure that affect both innovation and growth. Individual chapters explore different legal subject areas, in most cases offering recommendations for rule changes that could accelerate growth, primarily in the context of the US economy. The introductory chapter provides a framework for these discussions and explains why it is time for legal scholarship and research to move in that direction.

Chapter 10: National Technology Transfer Mechanisms

Dov Greenbaum

Subjects: business and management, entrepreneurship, economics and finance, economics of innovation, innovation and technology, economics of innovation


Dov Greenbaum1 10.1 INTRODUCTION There are a number of components that are integral to a successful national technology transfer program to support entrepreneurship among research scientists and eventual national economic growth. These include (i) laws and regulations such as robust intellectual property laws and international investment laws (note however that there is no onesize-fits-all solution for all countries), and (ii) government policies that support and promote innovation and technology transfer – and that hopefully acknowledge the long-term commitment necessary. While pro-innovation policies are often advocated, they are not as often implemented or only supported ineffectually. When imposed though, government policies can act as sticks or carrots, penalizing, for instance, academics who do not disclose their inventions or rewarding those who do. As in the case of laws and regulations, each country ought to find a unique optimization point that includes a successful balance of both. Further, governments and educational institutions will find that in some instances a top down government spearheaded approach will work best, and in other instances, a grass roots bottom up system will be more successful. (iii) Individual research institutions need to have clear and consistent policies for dissemination of innovation, ownership of invention and division of royalties, among others. These institutions should also support patenting and other entrepreneurial behavior including consulting, formation of spin-off firms and engagement in contractual externally funded research. And finally (iv) there needs to be a supportive culture of entrepreneurialism or patenting within academia itself;2 government and university prodding will be ineffectual...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information