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Trade, Innovation and Optimal Patent Protection

Author

Listed:
  • Hémous, David
  • Lepot, Simon
  • Sampson, Thomas
  • Schaerer, Julian

Abstract

This paper provides a first comprehensive quantitative analysis of optimal patent policy in the global economy. We introduce a new framework, which combines trade and growth theory into a tractable tool for quantitative research. Our application delivers three main results. First, the potential gains from international cooperation over patent policies are large. Second, only a small share of these gains has been realized so far. And third, the WTO’s TRIPS agreement has been counterproductive, slightly reducing welfare in the Global South and for the world. Overall, there is substantial scope for policy reform.

Suggested Citation

  • Hémous, David & Lepot, Simon & Sampson, Thomas & Schaerer, Julian, 2023. "Trade, Innovation and Optimal Patent Protection," CEPR Discussion Papers 18598, Centre for Economic Policy Research.
    • Handle: RePEc:cpr:ceprdp:18598
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    File URL: https://cepr.org/publications/DP18598
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    More about this item

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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