Dynamic Analysis of Innovation and Licensing: The Effects of Intellectual Property Rights Protection
AbstractLicensing is one of the major sources of international technology transfer to developing countries. This paper clarifies how strengthening intellectual property rights (IPRs) affect innovation and licensing by making use of a quality-ladder type of dynamic general equilibrium model. We explore not only the long-run effects but also the short-run effects of the policy by fully examining the dynamic characteristics of the model. The model shows that stronger IPRs promote innovation and technology transfers in both the long run and the short run if IPR protection greatly reduces the negotiation cost of licensing.
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Bibliographic InfoPaper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 06-06.
Length: 36 pages
Date of creation: Feb 2006
Date of revision:
Licensing; Innovation; Intellectual property rights; North-South; Technology transfer;
Find related papers by JEL classification:
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
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