Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/174641
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 Competition |
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: https://doi.org/10.1017/S1365100518000573 |
It is part of: | Macroeconomic Dynamics, 2021, vol. 25, num. 1, p. 59-80 |
URI: | http://hdl.handle.net/2445/174641 |
Related resource: | https://doi.org/10.1017/S1365100518000573 |
ISSN: | 1365-1005 |
Appears in Collections: | Articles publicats en revistes (Economia) |
Files in This Item:
File | Description | Size | Format | |
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707733.pdf | 597.35 kB | Adobe PDF | View/Open |
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