Patents and Industrialisation: An Historical Overview of the British Case, 1624-1907
45 Pages Posted: 11 Mar 2012
Date Written: December 25, 2010
Abstract
The aim of this paper is to provide an overview of the research on the role played by patent systems in the industrialization process (with a special focus on the British case). Perhaps surprisingly, no consensus has been reached yet as to whether the emergence of modern patent systems exerted a favorable impact on inventive activities. However, the recent literature has shed light on a number of fundamental factors which affect the links between inventive activities and the patent system. The concluding section of the paper outlines some 'history lessons' for the current debate on the role of patent in economic development.
Keywords: patents, innovation, industrial revolution, economic growth
JEL Classification: N73, O34
Suggested Citation: Suggested Citation
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