Jerbashian, Vahagn2021-03-082021-03-082021-01-011365-1005https://hdl.handle.net/2445/174641I 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.22 p.application/pdfeng(c) Cambridge University Press, 2021Indicadors tecnològicsRecerca industrialInnovacions tecnològiquesCompetència econòmicaTechnology indicatorsIndustrial researchTechnological innovationsCompetitioninfo:eu-repo/semantics/article7077332021-03-08info:eu-repo/semantics/openAccess