Endogenous Growth and Intellectual Property Rights

This paper studies the effect of intellectual property rights (IPR) on
economic growth, in the light of population ageing, i.e., in a more
realistic context. The analysis is motivated by the implications of
population ageing on economic growth. Moreover, this study analyses this
relationship in a north–south framework where there is a healthcare
sector. We conclude that population ageing has no impact on the sign of
the IPR effect on economic growth. However, it positively affects the
steady-state growth rate. Finally, under some conditions, the presence
of the healthcare sector also increases the steady-state growth rate.