AN INTELLECTUAL QUASI-RENT AS A FACTOR OF INNOVATIVE DEVELOPMENT: REVISION OF THE CONCEPT

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AN INTELLECTUAL QUASI-RENT AS A FACTOR OF INNOVATIVE DEVELOPMENT: REVISION OF THE CONCEPT

Journal Title: Економічна теорія та право - Year 2015, Vol 2, Issue 21

Abstract

Problem setting. Research of contemporary mechanisms of formation and distribution of innovative development aimed at searching ways of reformation of the current system of intellectual property protection is of considerable importance. Recent research and publications analysis. Innovative development relationship nature has been examined by Yu. Yakovets, O. K arpenko, A. K asianova, A. Latkov, etc. Scientific papers of H. A ndroshchuk are of great significance. Contradictions of relationship development in the intellectual property area have been considered by V. V alle and A. O lefir. Paper objective. The paper objective is to indicate contradictions of conceptual vision of innovative development as a factor of innovative development under globalization conditions. Paper main body. An intellectual rent is a stable surplus profit gained due to usage of renewable intellectual factors of production, which are not related to exploitation of natural resources, that emerges as a result of temporary monopoly of an intellectual product. Peculiar features of the quasi-rent (ІQR) are as follows: an initial source of the IQR is not a natural resource, but intelligence, knowledge, experience being implemented in technologies, etc.; its existence is restricted by time limits; it is compensation for human capital generated and implemented in innovations and for a risk. Transnational corporations (TNC) apply a set of mechanisms for formation and distribution of the IQR in their favor, namely: value chain creation; impediment of research and developments of rivals; formation of patent unions; unfair competition, etc. Mechanisms of public regulation of the formation and distribution of the IQR in favor of a society encompass: compulsory licensing; parallel import of medicines; creation of traditional knowledge registers. Unification and expansion of international standards of intellectual property regulation enable some countries and corporations to withdraw a global rent through institutional innovations (the TRIPS agreements within WTO agreements, etc.). Conclusions of the research. The mechanism of formation and distribution of the IQR, applied by TNC, impedes processes of creation and diffusion of knowledge. Research of IQR components and its separation from other quasi-rent types for the purpose of development of effective measures of influence on rent relationships in the intellectual property area is of considerable importance. Short Abstract for an article Abstract. The author has examined mechanisms of formation, distribution, and application of an intellectual quasi-rent (IQR) under globalization conditions, which stipulates transformation of the IQR from a factor of innovative development stimulation to a factor of world market monopolization and impediment of processes of creation and diffusion of knowledge. The author has specified the IQR sense and determined efficiency criteria. The article considers modern transformations of the mechanisms of formation and distribution of an IQR of transnational corporations, which stipulates gaining surplus profits regardless of an intellectual component, but not due to it.

Authors and Affiliations

Олена Миколаївна Левковець

Keywords

EP ID EP225789
DOI -
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