Chu, Angus C. and Peng, Shin-Kun (2010): International Intellectual Property Rights: Effects on Growth, Welfare and Income Inequality.
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What are the effects of strengthening developing countries' protection for intellectual property rights on economic growth, social welfare and income inequality in the global economy? To analyze this question, we develop a two-country R&D-based growth model with wealth heterogeneity. We find that the North experiences higher growth and welfare at the expense of higher income inequality while the South experiences higher growth at the expense of lower welfare and higher income inequality. As for global welfare, there exists a critical degree of cross-country spillovers below (above) which global welfare decreases (increases). In light of these findings, we discuss policy implications on China's accession to the World Trade Organization in 2001.
|Item Type:||MPRA Paper|
|Original Title:||International Intellectual Property Rights: Effects on Growth, Welfare and Income Inequality|
|Keywords:||economic growth; income inequality; intellectual property rights; TRIPS|
|Subjects:||D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions
F - International Economics > F1 - Trade > F13 - Trade Policy; International Trade Organizations
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O34 - Intellectual Property Rights
|Depositing User:||Angus C. Chu|
|Date Deposited:||22. Apr 2010 21:01|
|Last Modified:||12. Feb 2013 12:17|
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Available Versions of this Item
Effects of TRIPS on Growth, Welfare and Income Inequality in an R&D-Growth Model. (deposited 08. Oct 2008 10:06)
Effects of TRIPS on Growth, Welfare and Income Inequality in an R&D-Growth Model. (deposited 04. Apr 2009 18:11)
- International Intellectual Property Rights: Effects on Growth, Welfare and Income Inequality. (deposited 22. Apr 2010 21:01) [Currently Displayed]
- Effects of TRIPS on Growth, Welfare and Income Inequality in an R&D-Growth Model. (deposited 04. Apr 2009 18:11)