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Data de publicació

2021-01-01

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Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/174641

Intellectual Property and Product Market Competition Regulations in a Model with Two R&D Performing Sectors

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Recurs relacionat

https://doi.org/10.1017/S1365100518000573

Resum

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.

Matèries

Indicadors tecnològics, Recerca industrial, Innovacions tecnològiques, Competència econòmica

Matèries (anglès)

Technology indicators, Industrial research, Technological innovations, Competition

Citació

Col·leccions

Articles publicats en revistes (Economia)

Citació

JERBASHIAN, Vahagn. Intellectual Property and Product Market Competition Regulations in a Model with Two R&D Performing Sectors. Macroeconomic Dynamics. 2021. Vol. 25, num. 1, pags. 59-80. ISSN 1365-1005. [consulted: 11 of August of 2026]. Available at: https://hdl.handle.net/2445/174641

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