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Intellectual property rights, globalization and growth

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Author Info
Stryszowski, Piotr (Tilburg University, Center for Economic Research)
Abstract

I present a model that combines the key features of a Schumpeterian growth model without scale effects and a North - South model of trade. All open economies converge to parallel growth paths because of costly technological transfer. I study the effects of intellectual property rights (IPR) regimes and trade policies on the growth rate, as well as on a given country's economic performance. The requirement that trade be balanced neutralizes all potential effects of the tariff policy on the world's growth rate, and on the performance of a single country. By contrast, an improvement of a given country's IPR regime is growth neutral but improves a country's position in the world's productivity rank. These findings are shown te be consistent with observedempirical relationships.

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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 76.

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Date of creation: 2006
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Handle: RePEc:dgr:kubcen:200676

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Find related papers by JEL classification:
F1 - International Economics - - Trade
O3 - Economic Development, Technological Change, and Growth - - Technological Change
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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