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Publications
  • September 2011
  • Article
  • Antitrust Law Journal

What Drives Innovation?

By: Tom Nicholas
  • Format:Print
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Abstract

The idea that innovation drives economic growth is incontrovertible, but the factors that, in turn, drive innovation are not fully understood. This paper surveys the recent literature, focusing on three main drivers: intellectual property rights institutions, the supply-side of technical change, and the financing of innovation. Research in these areas reveals that laws and economic environments can create powerful incentives and disincentives for innovation. The mechanisms through which these effects influence competition and technological development can inform policy towards antitrust enforcement.

Keywords

Innovation And Invention; Economic Growth

Citation

Nicholas, Tom. "What Drives Innovation?" Antitrust Law Journal 77, no. 3 (September 2011).
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About The Author

Tom Nicholas

Entrepreneurial Management
→More Publications

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    Status and Mortality: Is There a Whitehall Effect in the United States?

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    When Institutions Fail: HIV/AIDS in the 1980s

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More from the Author
  • Status and Mortality: Is There a Whitehall Effect in the United States? By: Tom Nicholas
  • When Institutions Fail: HIV/AIDS in the 1980s By: Tom Nicholas and Christian Godwin
  • How History Shaped the Innovator's Dilemma By: Tom Nicholas
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