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Patents in a Model of Endogenous Growth

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Author Info
O'Donoghue, Ted (Department of Economics, Cornell University)
Zweimüller, Josef (University of Zurich and Centre of Economic Policy Research)

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Abstract

This paper examines patent protection in an endogenous-growth model. Our aim is twofold. First, we show how the patent policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role of patents has been largely ignored. Second, we explore how the general-equilibrium framework contributes to the results of the patent-design literature. In a general-equilibrium model, both incentives to innovate and monopoly distortions depend on the proportion of industries that conduct R&D. Furthermore, patents affect the allocation of R&D resources across industries, and patents can distort resources away from industries where they are most productive.

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File URL: http://www.ihs.ac.at/publications/eco/es-56.pdf
File Format: application/pdf
File Function: First version, 1998
Download Restriction: no

Publisher Info
Paper provided by Institute for Advanced Studies in its series Economics Series with number 56.

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Length: 42 pages
Date of creation: Sep 1998
Date of revision:
Handle: RePEc:ihs:ihsesp:56

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Related research
Keywords: Innovation; Patent Policy; Intellectual Property; Patent; Design;

Other versions of this item:

Find related papers by JEL classification:
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O34 - Economic Development, Technological Change, and Growth - - Technological Change - - - Intellectual Property Rights
O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Ryo Horii & Tatsuro Iwaisako, 2005. "Economic Growth with Imperfect Protection of Intellectual Property Rights," Development and Comp Systems 0508001, EconWPA. [Downloadable!]
    Other versions:
  2. Luca, SPINESI, 2007. "IPR for Public and Private Innovations, and Growth," Discussion Papers (ECON - Département des Sciences Economiques) 2007015, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
  3. Lutz Arnold & Christian Bauer, 2009. "On the growth and welfare effects of monopolistic distortions," Journal of Economics, Springer, vol. 97(1), pages 19-40, May. [Downloadable!] (restricted)
  4. Cozzi, Guido & Impullitti, Giammario, 2006. "Technological policy and wage inequality," MPRA Paper 10140, University Library of Munich, Germany. [Downloadable!]
  5. Chu, Angus C., 2007. "Economic Growth and Patent Policy: Quantifying the Effects of Patent Length on R&D and Consumption," MPRA Paper 5476, University Library of Munich, Germany. [Downloadable!]
  6. Chu, Angus C., 2008. "Effects of Blocking Patents on R&D: A Quantitative DGE Analysis," MPRA Paper 3910, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  7. Daron Acemoglu & Ufuk Akcigit, 2006. "State-Dependent Intellectual Property Rights Policy," NBER Working Papers 12775, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Cecilia García-Peñalosa & Jean-François Wen, 2008. "Redistribution and entrepreneurship with Schumpeterian growth," Journal of Economic Growth, Springer, vol. 13(1), pages 57-80, March. [Downloadable!] (restricted)
  9. Chu, Angus C., 2007. "Special Interest Politics and Intellectual Property Rights: An Economic Analysis of Strengthening Patent Protection in the Pharmaceutical Industry," MPRA Paper 4349, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  10. Knut Blind & Andre Jungmittag, 2008. "The impact of patents and standards on macroeconomic growth: a panel approach covering four countries and 12 sectors," Journal of Productivity Analysis, Springer, vol. 29(1), pages 51-60, February. [Downloadable!] (restricted)
  11. Chu, Angus C., 2009. "Effects of Patent Policy on Income and Consumption Inequality in an R&D-Growth Model," MPRA Paper 10168, University Library of Munich, Germany. [Downloadable!]
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This page was last updated on 2009-11-27.

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