3 Patent Changes Can Boost Economic Growth, Profs Say

Law360 (June 17, 2020, 9:04 PM EDT) -- A new report said Wednesday that three small changes to the patent system could boost the economy in the long run: requiring patent applications to identify hypothetical and experimental results, mandating disclosure of patent ownership, and starting exclusivity when a drug is commercialized.

The policy proposal, written by Stanford professors Lisa Larrimore Ouellette and Heidi Williams, suggested that changes aimed at accelerating technological innovation could aid economic growth.

Williams expanded on the proposal Wednesday afternoon during a panel talk hosted by The Hamilton Project, a research arm of the Brookings Institution focusing on economic growth that published the proposal.

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