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Title: Knowledge licensing in a model of R&D-driven endogenous growth
Author: Jerbashian, Vahagn
Keywords: Indicadors tecnològics
Recerca industrial
Innovacions tecnològiques
Competència econòmica
Technology indicators
Industrial research
Technological innovations
Issue Date: Apr-2016
Publisher: De Gruyter
Abstract: I model knowledge (patent) licensing and evaluate intellectual property regulation in an endogenous growth framework where the engine of growth is in-house R&D performed by high-tech firms. I show that high-tech firms innovate more and economic growth is higher when there is knowledge licensing and intellectual property regulation facilitates excludability of knowledge than when knowledge is not excludable and there are knowledge spillovers among high-tech firms. However, the number of high-tech firms is lower and welfare is not necessarily higher when there is knowledge licensing than when there are knowledge spillovers.
Note: Versió postprint del document publicat a:
It is part of: The B.E. Journal of Macroeconomics, 2016, vol. 16, num. 2, p. 555-579
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ISSN: 1935-1690
Appears in Collections:Articles publicats en revistes (Economia)

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