On the trade, growth, and welfare effects of intellectual property rights protection.
To examine how intellectual property rights protection affects trade, growth, and welfare, I develop a two‐country R&D‐based growth model in which final goods firms in both countries determine the range of imported varieties in the overall use of intermediate inputs. I show that strengthening patent...
| Publicado en: | Southern Economic Journal Vol. 85; no. 1; pp. 235 - 255 |
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| Formato: | Artículo |
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Wiley-Blackwell
Jul2018
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | To examine how intellectual property rights protection affects trade, growth, and welfare, I develop a two‐country R&D‐based growth model in which final goods firms in both countries determine the range of imported varieties in the overall use of intermediate inputs. I show that strengthening patent protection in either country increases the range of imported varieties of intermediate goods and stimulates economic growth in the country that strengthened patent protection. Moreover, I also show that the Nash equilibrium level of patent protection is stronger than the globally optimal level of patent protection. |
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