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Does stronger protection of intellectual property Stimulate innovation?

Author

Listed:
  • Kausik Gangopadhyay

    (Indian Institute of Management Kozhikode)

  • Debasis Mondal

    (Indian Institute of Technology Delhi)

Abstract

This paper incorporates the idea that the protection of intellectual property rights may hinder the free flow of scientific knowledge from innovations in a standard endogenous growth model and finds that stronger protection of intellectual property rights may discourage innovation.

Suggested Citation

  • Kausik Gangopadhyay & Debasis Mondal, 2012. "Does stronger protection of intellectual property Stimulate innovation?," Working papers 106, Indian Institute of Management Kozhikode.
    • Handle: RePEc:iik:wpaper:106
    as

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    References listed on IDEAS

    as
    1. Gene M. Grossman & Edwin L.-C. Lai, 2004. "International Protection of Intellectual Property," American Economic Review, American Economic Association, vol. 94(5), pages 1635-1653, December.
    2. Furukawa, Yuichi, 2007. "The protection of intellectual property rights and endogenous growth: Is stronger always better?," Journal of Economic Dynamics and Control, Elsevier, vol. 31(11), pages 3644-3670, November.
    3. Gangopadhyay, Kausik & Mondal, Debasis, 2012. "Does stronger protection of intellectual property stimulate innovation?," Economics Letters, Elsevier, vol. 116(1), pages 80-82.
    4. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    5. Eicher, Theo & García-Peñalosa, Cecilia, 2008. "Endogenous strength of intellectual property rights: Implications for economic development and growth," European Economic Review, Elsevier, vol. 52(2), pages 237-258, February.
    6. Philippe Michel & Jules Nyssen, 1998. "On Knowledge Diffusion, Patents Lifetime and Innovation Based Endogenous Growth," Annals of Economics and Statistics, GENES, issue 49-50, pages 77-103.
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    9. Kwan, Yum K. & Lai, Edwin L. -C., 2003. "Intellectual property rights protection and endogenous economic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 27(5), pages 853-873, March.
    10. Josh Lerner, 2009. "The Empirical Impact of Intellectual Property Rights on Innovation: Puzzles and Clues," American Economic Review, American Economic Association, vol. 99(2), pages 343-348, May.
    11. Theo Eicher & Cecilia García-Peñalosa, 2008. "Endogenous Strength of Intellectual Property Rights," Working Papers UWEC-2007-14-P, University of Washington, Department of Economics.
    12. James Bessen & Eric Maskin, 2009. "Sequential innovation, patents, and imitation," RAND Journal of Economics, RAND Corporation, vol. 40(4), pages 611-635, December.
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    More about this item

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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