Theoretical Analysis of Innovation Commons : The Institutional Code of Economic Growth

Innovation was first proposed by Schumpeter. After a series of various development and evolution, it has become an important theoretical basis in economics. This research traces the cornerstone of the theory from the perspective of innovation economics, explores the main factors that promote economic growth, and concludes that innovation and institutions is an important factor which driving economic growth. Under the background of knowledge economy, there is also an institutional arrangement that similar to the commons in the process of innovation to create public knowledge resources, promote the diffusion of resources and the cooperation of various innovation subjects, providing more opportunities for innovation. Therefore, this research starts from the concept of Commons, summarizes the common attributes of Commons and the concept of Commons by summarizing the studies on different Commons in the academic circle, then proposes the concept of innovation Commons, summarizes its target functions and characteristics in the operation process, and explores the theoretical logic behind innovation Commons as the institutional code of promoting economic growth to provide a theoretical basis for subsequent studies.