Abstract
The Bayh–Dole Act was enacted in the United States in 1980 to promote economic development and growth at regional and national levels. A key engine is research generated within universities. This article addresses the question of how universities can serve as engines of development. Drawing on Cooter and Shaeffer’s work on law and development, specifically what they call the double trust problem, this article shows how the Bayh–Dole Act was justified as resolving the double trust problem arising from lack of property rights in university research. This article presents the argument that this goal of the Bayh–Dole Act ignores how universities solve another dimension of the double trust problem, namely the generation of human capital. The author examines the theoretical justifications for the Bayh–Dole Act and universities and the empirical policy literature assessing university patenting and commercialization in the United States, South Africa, and India.
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© 2021 Walter de Gruyter GmbH, Berlin/Boston
Artikel in diesem Heft
- Frontmatter
- Introduction
- Introduction: Law and Development in High-Income Countries
- Role of State, Law, Institutions for Economic Development
- Law and Development in the United States
- The Rule of Law and Its Social Reception as Determinants of Economic Development: A Comparative Analysis of Germany and Poland
- Are OECD Countries in a Rule of Law Recession?
- International Financial Centers as a Model: Facilitating Growth and Development by Connecting to International Legal Frameworks
- Migration, Poverty, the Role of State, (International) Law and Development in the Industrialised Countries of Europe
- Poverty and Inequality in High Income Countries and the Role of Law
- The Role of Law in Addressing Poverty and Inequality in High Income Countries: A Comparative View of Menstrual Hygiene Management and Its Impact on Education and Health in the UK and Select High Income Sub-Saharan African Countries
- International Cooperation Without Just Distributions? Beginning to Map the Role of Rising Economic Inequality in the Formation and Evolution of and Adherence to International Law
- Justice, Corruption, and Social Responsibility
- Toward Aligning with International Gender Goals? Analysis of the Gender Equality Landscape in Japan under the Laws on Women’s Economic and Political Participation and Leadership
- APUNCAC: An International Convention to Fight Corruption, Money Laundering, and Terrorist Financing
- “Unlocking Legal Gridlock in High-Income Countries: How Excessive Litigation Hampers Growth and Harms Democracy”
- International Trade Law, WTO, and Rising Issues
- Can a Complicated “Consensus” Survive a Dose of Populist Poison? Exploring the Potential Impact of Brexit and Trumpism on the Developed Country Approach to Trade Law and Policy
- Universities as Engines of Development
- The Courts and Corporate Executive Compensation in Canada
Artikel in diesem Heft
- Frontmatter
- Introduction
- Introduction: Law and Development in High-Income Countries
- Role of State, Law, Institutions for Economic Development
- Law and Development in the United States
- The Rule of Law and Its Social Reception as Determinants of Economic Development: A Comparative Analysis of Germany and Poland
- Are OECD Countries in a Rule of Law Recession?
- International Financial Centers as a Model: Facilitating Growth and Development by Connecting to International Legal Frameworks
- Migration, Poverty, the Role of State, (International) Law and Development in the Industrialised Countries of Europe
- Poverty and Inequality in High Income Countries and the Role of Law
- The Role of Law in Addressing Poverty and Inequality in High Income Countries: A Comparative View of Menstrual Hygiene Management and Its Impact on Education and Health in the UK and Select High Income Sub-Saharan African Countries
- International Cooperation Without Just Distributions? Beginning to Map the Role of Rising Economic Inequality in the Formation and Evolution of and Adherence to International Law
- Justice, Corruption, and Social Responsibility
- Toward Aligning with International Gender Goals? Analysis of the Gender Equality Landscape in Japan under the Laws on Women’s Economic and Political Participation and Leadership
- APUNCAC: An International Convention to Fight Corruption, Money Laundering, and Terrorist Financing
- “Unlocking Legal Gridlock in High-Income Countries: How Excessive Litigation Hampers Growth and Harms Democracy”
- International Trade Law, WTO, and Rising Issues
- Can a Complicated “Consensus” Survive a Dose of Populist Poison? Exploring the Potential Impact of Brexit and Trumpism on the Developed Country Approach to Trade Law and Policy
- Universities as Engines of Development
- The Courts and Corporate Executive Compensation in Canada