Document type
Working paperPublication date
Publication license
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/108404
Intellectual Property and Product Market Competition Regulations in a Model with Two R&D Performing Sectors [WP]
Journal Title
Authors
Director/Tutor
Journal ISSN
Volume Title
Related resource
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 of the other sector. The overall impact of such policies on economic growth is ambiguous because of this. I perform a numerical exercise in an attempt of resolving the ambiguity. This exercise suggests that strengthening intellectual property rights can increase economic growth, but higher competition has a very limited effect on growth.
Subject (English)
Citation
Citation
JERBASHIAN, Vahagn. Intellectual Property and Product Market Competition Regulations in a Model with Two R&D Performing Sectors [WP]. Documents de treball (Facultat d'Economia i Empresa. Espai de Recerca en Economia). 2017. Vol. E17/358. [consulted: 11 of June of 2026]. Available at: https://hdl.handle.net/2445/108404