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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/52845
Knowledge Licensing in a Model of R&D-driven Endogenous Growth [WP]
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In this paper I present an endogenous growth model where the engine of growth is in-house R&D performed by high-tech firms. I model knowledge (patent) licensing among high-tech firms. I show that if there is knowledge licensing, high-tech firms innovate more and economic growth is higher than in cases when there are knowledge spillovers or there is no exchange of knowledge among high-tech firms. However, in case when there is knowledge licensing the number of high-tech firms is lower than in cases when there are knowledge spillovers or there is no exchange of knowledge.
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JERBASHIAN, Vahagn. Knowledge Licensing in a Model of R&D-driven Endogenous Growth [WP]. UB Economics – Working Papers. 2014. Vol. E14/304. ISSN 1136-8365. [consulted: 5 of October of 2026]. Available at: https://hdl.handle.net/2445/52845