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Title: Intellectual Property and Product Market Competition Regulations in a Model with Two R&D Performing Sectors
Author: Jerbashian, Vahagn
Keywords: Indicadors tecnològics
Recerca industrial
Innovacions tecnològiques
Competència econòmica
Technology indicators
Industrial research
Technological innovations
Issue Date: 1-Jan-2021
Publisher: Cambridge University Press
Abstract: I analyze the impact of intellectual property and product market competition regulations on innovation and long-run growth in an endogenous growth model with two R&D performing sectors. I show that strengthening intellectual property rights and competition in a sector increases its R&D investments. However, these policies adversely affect R&D investments in the other sector because of increased factor competition between the sectors. As a result, the overall impact of such policies on economic growth is ambiguous. I perform a numerical exercise in an attempt to resolve this ambiguity. This exercise suggests that strengthening intellectual property rights increases economic growth, but higher competition has a very limited effect on growth.
Note: Versió postprint del document publicat a:
It is part of: Macroeconomic Dynamics, 2021, vol. 25, num. 1, p. 59-80
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ISSN: 1365-1005
Appears in Collections:Articles publicats en revistes (Economia)

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