Competition, imitation, and R&D productivity in agrowth model with sector-specific patent protection
AbstractRecent empirical studies suggest a need for a ?exible patent regime responding to industry characteristics. In practice, sector-speci?c modi?cations of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what direction industry characteristics in?uence optimal patent strength. It is found that patents ought to be weaker, the more intense competition, the higher R&D productivity, and the more intricate reverse engineering are. Unlike similar step-by-step innovation models of economic growth, the model assumes Cournot competition and introduces an empirically substantiated measure of sector di?erences in the ability to catch up with the technological leader. It is found that for most empirically plausible cases the familiar inverted-U between patent length and growth carries over to the Cournot set-up.
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Bibliographic InfoPaper provided by Bavarian Graduate Program in Economics (BGPE) in its series Working Papers with number 084.
Length: 42 pages
Date of creation: Dec 2009
Date of revision:
Competition; endogenous growth; ?exible patent protection; imitation; innovation; R&D; reverse engineering; Schumpeterian growth; Supplementary Protection Certi?cates;
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- K20 - Law and Economics - - Regulation and Business Law - - - General
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