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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

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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, núm. 1, pàgs. 59-80. [consulta: 23 de gener de 2026]. ISSN: 1365-1005. [Disponible a: https://hdl.handle.net/2445/174641]

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