Endogenous growth and intellectual property rights

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Publication Details

Subtitle: A north–south modeling proposal
Author list: Azevedo, ML, Afonso, O, Silva, ST
Publisher: Elsevier
Publication year: 2014
Journal: Economic Modelling (0264-9993)
Volume number: 38
Start page: 112
End page: 120
Number of pages: 9
ISSN: 0264-9993
Languages: English-Great Britain (EN-GB)


Abstract

In this paper, we develop a general equilibrium endogenous growth model
that emphasizes the IPR enforcement effects on growth, in a scenario of
north–south technological knowledge diffusion. The economy consists of
three sectors, and firms are engaged in step-by-step innovation. In line
with the literature, we introduce an IPR parameter that makes imitation
more difficult. We find that, in steady state, the increases in IPR
protection result in decreases in the growth rate. This result is in
line with the literature, which argues that the enforcement of IPR does
not always have a positive effect on economic growth. To sum up, we
present some suggestions for future research which can help to clarify
the relationship between IPR and endogenous growth.


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Last updated on 2019-13-08 at 00:45