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

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dc.contributor.authorJerbashian, Vahagn
dc.date.accessioned2021-03-08T00:43:52Z
dc.date.available2021-03-08T00:43:52Z
dc.date.issued2021-01-01
dc.date.updated2021-03-08T00:43:52Z
dc.description.abstractI 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.
dc.format.extent22 p.
dc.format.mimetypeapplication/pdf
dc.identifier.idgrec707733
dc.identifier.issn1365-1005
dc.identifier.urihttps://hdl.handle.net/2445/174641
dc.language.isoeng
dc.publisherCambridge University Press
dc.relation.isformatofVersió postprint del document publicat a: https://doi.org/10.1017/S1365100518000573
dc.relation.ispartofMacroeconomic Dynamics, 2021, vol. 25, num. 1, p. 59-80
dc.relation.urihttps://doi.org/10.1017/S1365100518000573
dc.rights(c) Cambridge University Press, 2021
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.sourceArticles publicats en revistes (Economia)
dc.subject.classificationIndicadors tecnològics
dc.subject.classificationRecerca industrial
dc.subject.classificationInnovacions tecnològiques
dc.subject.classificationCompetència econòmica
dc.subject.otherTechnology indicators
dc.subject.otherIndustrial research
dc.subject.otherTechnological innovations
dc.subject.otherCompetition
dc.titleIntellectual Property and Product Market Competition Regulations in a Model with Two R&D Performing Sectors
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/acceptedVersion

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