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Cultural preference on fertility and the long-run growth effects of intellectual property rights

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  • Chu, Angus C.
  • Cozzi, Guido

Abstract

How does patent policy affect long-run economic growth through the population growth rate? To analyze this question, we develop an R&D-based growth model with endogenous fertility. In recent vintages of R&D-based growth models in which scale effects are absent, the long-run growth rate depends on the population growth rate that is assumed to be exogenous. In this study, we develop a semi-endogenous-growth version of the quality-ladder model with endogenous fertility and human-capital accumulation to analyze an unexplored interaction between intellectual property rights, endogenous fertility and economic growth. We find that strengthening patent protection has a surprisingly negative effect on technological progress in the long run through endogenous fertility. Furthermore, a stronger cultural preference on fertility tends to magnify this negative effect of patent policy on long-run growth.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 29059.

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Date of creation: Feb 2011
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Handle: RePEc:pra:mprapa:29059

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Keywords: economic growth; endogenous fertility; patent policy;

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References

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Cited by:
  1. Angus Chu & Guido Cozzi & Chih-Hsing Liao, 2013. "Endogenous fertility and human capital in a Schumpeterian growth model," Journal of Population Economics, Springer, vol. 26(1), pages 181-202, January.

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