Study On The Effect And Efficiency Of Patent System On Economic Growth

Existing studies examining the relationship between patent system and economic growth were mostly single-perspective,among which,the most representative may be from the perspectives of patent system efficiency and patent system effect.The former emphasizes an optimization of patent system and calls for reasonable adjustments between rigid factors and flexible policies;and the latter concerns for the effect relationship between patent system and economic growth with characteristics and conditions of patent system effect as its focuses.The isolation of the two kinds of studies ignores industrial heterogeneity and is hard to disclose the internal mechanism between patent system and economic growth,as well as patent system potential comprehensively.Only a combination of factors from the two aspects can we really disclose the internal relationships between patent system and economic growth.This study discusses this issue and takes the scenario in China as a case study analyzing how patent system can better stimulate economic growth.Firstly,the effect relationship between patent system and economic growth is examined.Differing from existed studies mainly focus on static relationship from a national perspective,this study sees the case from angles of region and industry,examining not only the effect relation of patent system to regional economic growth but also to industrial economic growth.It is found that the effect of patent system on economic growth is not always constant and presents a dynamic characteristic.Moreover,this effect is not an either-or thing and is a result of coexistence and combines action of both positive and negative.In this study,by multi-perspective,the manifold and dynamic relationships between patent system and economic growth are detected.The study proposes that pertinence,timeliness and synergy should be taken into consideration when region and industry-related patent policies are made.Then,reasons behind the effect difference are analyzed.In this study,regional innovative capacity and industrial innovation heterogeneity are compared from the perspective of patent elasticity.Differing from traditional research that believed patent as a product lacking in elasticity,we verified that service invention patents of enterprises of above designated size are elastic with regard to patent application fee.Furthermore,matrix are established from region and industry respectively,comparing patent elasticity from regions and industries and meanwhile,comparing elasticity between regional and industrial innovation policies.Thirdly,the optimization of patent external policies is studied.Under the one-size-fits-all patent system,how to improve the efficiency of patent monetary-reward-policy is discussed.By studying the relationship between patent elasticity and deadweight loss from the view of patent elasticity,a deadweight loss evaluation model is established,which is a try in the field of patent elasticity.By doing this,the study provides evidence for goals of improving potential of patent monetary-reward-policy and its relative efficiency,and reducing deadweight loss rate.Empirical analysis on the data of Chinese patent applications has been done in this study to examine the efficiency of Chinese patent system since it has been put into effect.All in all,based on related literatures on patent system and economic growth and the status que of patent system of major developed and developing countries,the study examines and disscusses the role of patent system to economic growth in China.The research mainly centers on problems of whether patent system is good for economic growth and how can patent system better facilitate economy.The study meanwhile combines the characteristics of the Big Data era offering feasible way and policy suggestions for innovation-driven economic growth under the New Normal Economy.