Open-Access Knowledge and Economic Growth: An Economic Model

Xiaoqun Zhang
2014 International Journal of Business and Management  
The intellectual property (IP) law has been forcefully challenged by scholars and anti-IP movement activists in recent years. The critiques from scholars mainly focused on the enclosure of information and knowledge enforced by IP law. And the activists of anti-IP movements argued for the open access to knowledge to promote creation. This study proposes an endogenous economic growth model highlighting the role of open-access knowledge in economic growth. The solution of the model shows that the
more » ... del shows that the production efficiency of knowledge, the converting efficiency from knowledge products into human capital, and the externality of knowledge products, will have impacts on the economic growth rate. The policy implication of this study is that government's intervention, such as the subsidy to the knowledge production, investment in the open-access knowledge, and regulation on the quality of knowledge products, will have positive effects on economic growth.
doi:10.5539/ijbm.v9n3p43 fatcat:mwnpdy2irrhtdhtzu24gj6tyhi