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008			171201s2013 ||| o i|0| 0 eng d
035			_a(FR-PaOEC)
040			_aFR-PaOEC
084			_aL20 _2jelc
084			_aO30 _2jelc
084			_aO40 _2jelc
100	1		_aAndrews, Dan.
245	1	0	_aKnowledge-Based Capital, Innovation and Resource Allocation _h[electronic resource]: _bA Going for Growth Report / _cDan Andrews and Chiara Criscuolo = Actifs intellectuels, innovation et mobilité des ressources / Dan Andrews et Chiara Criscuolo
246	3	1	_aActifs intellectuels, innovation et mobilité des ressources
260			_aParis : _bOECD Publishing, _c2013.
300			_a55 p. ; _c21 x 29.7cm.
490	1		_aOECD Economic Policy Papers, _x2226583X ; _vno.4
520	3		_aInvestment in knowledge-based capital (KBC) - assets that have no physical embodiment, such as computerised information, innovative property and economic competencies - has been rising significantly. This has implications for innovation and productivity growth and requires new thinking on policy. The returns to investing in KBC differ significantly across countries and are partly shaped by structural policies, which influence the ability of national economies to reallocate scarce resources to firms that invest in KBC. In this regard, well-functioning product, labour and venture capital markets and bankruptcy laws that do not overly penalise failure can raise the expected returns to investing in KBC by improving the efficiency of resource allocation. While structural reforms offer the most cost-effective approach to raising investment in KBC, there is a role for innovation policies to raise private investment in KBC towards socially optimal levels. Indeed, R&D tax incentives and, as a finding that contrasts with previous research, direct support measures can be effective, but design features are crucial in order to minimise the fiscal cost and unintended consequences of such policies. Well-defined intellectual property rights (IPR) are also important to provide firms with the incentive to innovate and to promote knowledge diffusion via the public disclosure of ideas. However, such IPR regimes need to be coupled with pro-competition policies to ensure maximum effect while the rising costs of the patent system in emerging KBC sectors may have altered the trade-off inherent to IPR between the incentives to innovate and the broad diffusion of knowledge.
650		4	_aScience and Technology
650		4	_aEconomics
700	1		_aCriscuolo, Chiara. _98584
830		0	_aOECD Economic Policy Papers, _x2226583X ; _vno.4.
856	4	0	_aoecd-ilibrary.org _uhttps://s443-doi-org.br.lsproxy.net/10.1787/5k46bh92lr35-en
942			_2ddc _cW-PAPER
999			_c366672 _d325234