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Using patents in growth models

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  • Keely,L.C.

    (University of Wisconsin-Madison, Social Systems Research Institute)

Abstract

This paper argues that macroeconomic models of endogenous growth driven by technological change could be much improved by drawing lessons from the microeconomic literature of intellectual property design. Growth models use overly simplistic and sometimes incorrect assumptions regarding the intellectual property regime. Microeconomic theory and empirical work are reviewed to demonstrate that determining optimal intellectual property design is complex and has important implications for firm behavior and performance. Considering the question of intellectual property design in a dynamic general equilibrium model should yield important insights about how intellectual property impacts growth and welfare.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Keely,L.C., 2000. "Using patents in growth models," Working papers 30, Wisconsin Madison - Social Systems.
  • Handle: RePEc:att:wimass:200030
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    File URL: http://www.ssc.wisc.edu/~lkeely/surv1000hs.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Alberto Bucci, 2003. "R&D, Imperfect Competition and Growth with Human Capital Accumulation," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(4), pages 417-439, September.
    2. Alberto Bucci, 2005. "Product Market Competition, R&D Effort and Economic Growth," UNIMI - Research Papers in Economics, Business, and Statistics unimi-1011, Universitá degli Studi di Milano.
    3. repec:mul:je8794:doi:10.1429/27918:y:2008:i:2:p:235 is not listed on IDEAS
    4. Stryszowski, P.K., 2006. "Intellectual Property Rights, Globalization and Growth," Discussion Paper 2006-76, Tilburg University, Center for Economic Research.
    5. Alberto BUCCI, 2004. "Economic growth in an enlarged Europe: the human capital and R&D dimensions," Departmental Working Papers 2004-22, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    6. Alberto Bucci, 2008. "Competition and R&D investment in human capital-driven growth," Politica economica, Società editrice il Mulino, issue 2, pages 235-265.
    7. Piotr Stryszowski, 2005. "Intellectual Property Rights and National R&D Subsidy Policies in a Two-Country Schumpeterian Framework," DEGIT Conference Papers c010_027, DEGIT, Dynamics, Economic Growth, and International Trade.
    8. Alberto BUCCI, 2002. "Market Power, Human Capital and Growth," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2002012, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

    More about this item

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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