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Drawing on case law and the results of an empirical study, this paper demonstrates that the height of the inventive step in Australia is close to zero and substantially different from the "significant advance over what is known" advised to the Australian parliament in 2011. To "raise" the height...
Persistent link: https://www.econbiz.de/10014162674
Economists assume there is new knowledge or know-how embedded in patented inventions. This new knowledge should result in spillover benefits which can provide dynamic efficiency gains to offset the static efficiency losses of the patent system. Unfortunately this assumption is out-of-date....
Persistent link: https://www.econbiz.de/10014139174
The limitations of using patent data as a measure of technological innovation have long been known (Griliches, 1990). Despite this, patent data are frequently used in this way, providing potentially misleading analyses for policy makers. Kingston and Scally (2006) have shown that, for countries...
Persistent link: https://www.econbiz.de/10014139202
Despite advice to parliament that patents are granted only for "a significant advance over what was known and what was available to the public" the evidence shows this is not the standard used. The actual standard is a scintilla – a marginal difference from what is known. The consequence of...
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In the European Union and in Hungary, the food and beverage industry is the leading manufacturing one. By contrast, food industry is seen less innovative compared to other branches of the economy, especially in the European Union. The level of the R&D spending is very low in the Hungarian food...
Persistent link: https://www.econbiz.de/10012131308