Dai, Darong and Shen, Kunrong (2011): A New Exploration of Optimal IPR Protection and International Policy Cooperation.
Download (282kB) | Preview
In this paper, a variety-expanding growth model has been constructed in the classical North-South framework. Optimal degree of IPR protection has been explicitly computed both for the North and the South in the sense of welfare maximizing, in the short run and non-short run of the economies. Endogenous innovation growth rate and the policy of innovation subsidy for the Southern government have been introduced into our model. The relationship between IPR protection and long-term growth rate has also been thoroughly investigated. Finally, the issue about international policy cooperation has been explored and we show that it is possible that an optimal degree of Southern IPR protection would also be globally efficient in some comparatively weak conditions.
|Item Type:||MPRA Paper|
|Original Title:||A New Exploration of Optimal IPR Protection and International Policy Cooperation|
|English Title:||A New Exploration of Optimal IPR Protection and International Policy Cooperation|
|Keywords:||Optimal IPR protection; Subsidy to innovation; Endogenous innovation growth; Technology match; North; South; International policy cooperation|
|Subjects:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F42 - International Policy Coordination and Transmission
O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O38 - Government Policy
O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O34 - Intellectual Property and Intellectual Capital
H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H24 - Personal Income and Other Nonbusiness Taxes and Subsidies
O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives
|Depositing User:||darong dai|
|Date Deposited:||13 Jul 2012 14:15|
|Last Modified:||15 Jan 2016 15:47|
Acemoglu, D., S. Johnson and J. Robinson, 2004. Institutions as the Fundamental Cause of Long-Run Growth. NBER Working Paper No. 10481.
Aghion, P. and P. Howitt, 1992. A Model of Growth Through Creative Destruction. Econometrica 60, 323-351.
Arrow, K. J., 1962. The Economic Implications of Learning by Doing. Review of Economic Studies 29, 155-173.
Canzoneri, M. B., R. E. Cumby and B. T. Diba, 2005. The need for international policy coordination: what’s old, what’s new, what’s yet to come? Journal of International Economics 66, 363– 384.
Chen, Y. and T. Puttitanun 2005. Intellectual property rights and innovation in developing countries. Journal of Development Economics 78, 474- 493.
Chin, J. and G. M. Grossman 1990. Intellectual Property Rights and North-South Trade, in R.W. 39 Jones and A.O. Krueger, eds., The Political Economy of International Trade, Cambridge MA: Basil Blackwell Publishers.
Chu, A.C., G. Cozzi and S. Galli 2011. Innovating like China: a theory of stage-dependent intellectual property rights. MPRA Paper No. 30553. Davidson, C. and P. Segerstrom, 1998. R&D Subsidies and Economic Growth. RAND Journal of Economics 29, 548-577.
Deardorff, A. V., 1992. Welfare Effects of Global Patent Protection. Economica 59, 35-51.
Devereux, M. B. and C. Engel, 2003. Monetary Policy in the Open Economy Revisited: Price Setting and Exchange-Rate Flexibility. Review of Economic Studies 70, 765-783.
Eicher, T. S., 1996. Interaction Between Endogenous Human Capital and Technological Change. Review of Economic Studies 63, 127-144.
Furukawa, Y. 2007. The protection of intellectual property rights and endogenous growth: Is stronger always better? Journal of Economic Dynamics and Control 31, 3644-3670.
Glass, A.J., 1997. Product Cycles and Market Penetration. International Economic Review 38, 865-891.
Grossman, G. M. and E. Helpman, 1990. Comparative Advantage and Long-Run Growth. American Economic Review 80, 796-815.
Grossman, G. M. and E. Helpman, 1991. Quality Ladders in the Theory of Growth. Review of Economic Studies 58, 43-61.
Grossman, G. M. and E. Helpman, 1994. Endogenous Innovation in the Theory of Growth. Journal of Economic Perspectives 8, 23-44.
Grossman, G. M. and E. L.-C. Lai. 2004. International Protection of Intellectual Property. American Economic Review 94, 1635-1653.
Görg, H. and E. Strobl, 2007. The Effect of R&D Subsidies on Private R&D. Economica 74, 215–234.
Gould, D. M. and W. C. Gruben, 1996. The role of intellectual property rights in economic growth. Journal of Development Economics 48, 323-350.
Haaland, J.I. and H. J. Kind, 2008. R&D policies, trade and process innovation. Journal of International Economics 74, 170-187.
Helpman, E. 1993. Innovation, Imitation, and Intellectual Property Rights. Econometrica 61, 1247-1280.
Horii, R. and T. Iwaisako 2007. Economic Growth with Imperfect Protection of Intellectual Property Rights. Journal of Economics 90, 45-85.
Howitt, P., 1999. Steady Endogenous Growth with Population and R & D Inputs Growing. Journal of Political Economy 107, 715-730.
Howitt, P., 2000. Endogenous Growth and Cross-Country Income Differences. American Economic Review 90, 829-846.
Jones, C. I., 1995. R & D-Based Models of Economic Growth. Journal of Political Economy 103, 759-784.
Kehoe, P.J., 1989. Policy Cooperation Among Benevolent Governments May Be Undesirable. Review of Economic Studies 56, 289-296.
Kwan, Y.K. and E. L. -C. Lai 2003. Intellectual property rights protection and endogenous economic growth. Journal of Economic Dynamics and Control 27, 853-873.
Levin, R. C., 1978. Technical Change, Barriers to Entry, and Market Structure. Economica 45,347-361.
Lucas, R. E., Jr., 1988. On the Mechanics of Economic Development. Journal of Monetary Economics 22, 3-42.
Lucas, R. E., Jr., 1993. Making a Miracle. Econometrica 61, 251-272.
Maggi, G., 1999. The Role of Multilateral Institutions in International Trade Cooperation. American Economic Review 89, 190-214.
Muniagurria, M.E. and N. Singh, 1997. Foreign Technology, Spillovers, and R & D Policy. International Economic Review 38, 405-430.
North, D. C., 1971. Institutional Change and Economic Growth. Journal of Economic History 31, 118-125.
North, D. C., 1994. Economic Performance Through Time. American Economic Review 84, 359-368.
Romer, P. M., 1986. Increasing Returns and Long-Run Growth. Journal of Political Economy 94, 1002-1037.
Romer, P. M., 1990. Endogenous Technological Change. Journal of Political Economy 98, S71-S102.
Segerstrom, P. S., 1991. Innovation, Imitation, and Economic Growth. Journal of Political Economy 99, 807-827.
Segerstrom, P. S., 1998. Endogenous Growth without Scale Effects. American Economic Review 88, 1290-1310.
Segerstrom, P. S. and J. M. Zolnierek, 1999. The R&D Incentives of Industry Leaders. International Economic Review 40, 745-766.
Schneider, P.H., 2005. International trade, economic growth and intellectual property rights: A panel data study of developed and developing countries. Journal of Development Economics 78, 529-547.
Scotchmer, S., 1991. Standing on the Shoulders of Giants: Cumulative Research and the Patent Law. Journal of Economic Perspectives 5, 29-41.
Spence, M., 1984. Cost Reduction, Competition, and Industry Performance. Econometrica 52, 101-122.
Spencer, B.J. and J. A. Brander, 1983. International R&D Rivalry and Industrial Strategy. Review of Economic Studies L, 707-722.
Stein, J.C., 1997. Waves of Creative Destruction: Firm-Specific Learning-by-Doing and the Dynamics of Innovation. Review of Economic Studies 64, 265-288.
Stokey, N. L., 1995. R&D and Economic Growth. Review of Economic Studies 62, 469-489.
Young, A., 1993. Invention and Bounded Learning by Doing. Journal of Political Economy 101, 443-472.