# name
Intellectual Property and Product Market Competition Regulations in a Model with Two R&D Performing Sectors [WP]

# metadata.dc.description.abstract[].value
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 of the other sector. The overall impact of such policies on economic growth is ambiguous because of this. I perform a numerical exercise in an attempt of resolving the ambiguity. This exercise suggests that strengthening intellectual property rights can increase economic growth, but higher competition has a very limited effect on growth.

# metadata.dc.publisher[].value
Universitat de Barcelona. Facultat d'Economia i Empresa

# metadata.dc.relation.ispartof[].value
Documents de treball (Facultat d'Economia i Empresa. Espai de Recerca en Economia), 2017, E17/358

# metadata.dc.title[].value
Intellectual Property and Product Market Competition Regulations in a Model with Two R&D Performing Sectors [WP]