Amb motiu del tancament d'estiu, la validació de documents es reprendrà a partir del 28 d'agost de 2026. Disculpeu les molèsties.
Con motivo del cierre de verano, la validación de documentos se reanudará a partir del 28 de agosto de 2026. Disculpad las molestias
Due to the summer closure, document validation will resume starting August 28, 2026. We apologize for any inconvenience.

Files

658002.pdf (542.63 KB)

Document type

Article

Version

Accepted version

Publication date

2016-04

All rights reserved

Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/110852

Knowledge Licensing in a Model of R&D-driven Endogenous Growth

Journal Title

Authors

Director/Tutor

Journal ISSN

Volume Title

Related resource

https://doi.org/10.1515/bejm-2015-0132

Abstract

I model knowledge (patent) licensing and evaluate intellectual property regulation in an endogenous growth framework where the engine of growth is in-house R&D performed by high-tech firms. I show that high-tech firms innovate more and economic growth is higher when there is knowledge licensing and intellectual property regulation facilitates excludability of knowledge than when knowledge is not excludable and there are knowledge spillovers among high-tech firms. However, the number of high-tech firms is lower and welfare is not necessarily higher when there is knowledge licensing than when there are knowledge spillovers.

Subject

Indicadors tecnològics, Recerca industrial, Innovacions tecnològiques, Competència econòmica

Subject (English)

Technology indicators, Industrial research, Technological innovations, Competition

Citation

Collections

Articles publicats en revistes (Economia)

Citation

JERBASHIAN, Vahagn. Knowledge Licensing in a Model of R&D-driven Endogenous Growth. The B.E. Journal of Macroeconomics. 2016. Vol. 16, num. 2, pags. 555-579. ISSN 1935-1690. [consulted: 7 of August of 2026]. Available at: https://hdl.handle.net/2445/110852

Export metadata

JSON - METS

Share record