Modeling agricultural innovation in a rapidly developing country: the case of Chinese pesticide industry
2011
G. Shi | C. Pray
Technology and innovation play an increasingly important role in the economic development of developing countries. This paper seeks to investigate how policy and market factors influence firms’ decisions on innovation, considering pesticide innovation in China as a case study. The findings of the paper include: the government encouraged local innovation by opening regions to more international trade and more investment in public research and education, yet limiting the role of foreign inventors furthermore, strengthening intellectual property right (IPR) enforcement also encouraged local innovations nevertheless, the authors couldn’t establish clarity concerning the role of the extension of patent life, though it could be an important factor <br />The paper concludes some policy implications for patenting: the government can encourage local innovation by keeping its previous policies enforced however, this set of policies may not be optimal for the country as a whole in this sense, if the government limits foreign inventors, farmers will probably have to wait longer to get access to technology from foreign firms upon patent expiration thus, the country would be trading off the social gains of 100s of millions farmers in order to protect the patenting by a relatively small number of local pesticide companies a potential policy failure is in that the government centres may devote too much effort to the applied research the other major government investment program that should impact innovation is human capital <br />
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