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Please use this identifier to cite or link to this item: 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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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.
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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: 6 of June of 2026]. Available at: https://hdl.handle.net/2445/174641