International R&D Funding and Patent Collateral in an R&D-Growth Model

Huang, We-Chi and Chen, Ping-ho and Lai, Ching-Chong (2016): International R&D Funding and Patent Collateral in an R&D-Growth Model.

Abstract

This paper develops an R&D-based growth model featuring international R&D funding and patent collateral. It then uses the model to examine how the international borrowing interest rate and the fraction of patent collateral will affect innovations and economic growth.

• Item Type: MPRA Paper
• Language: English
• Keywords: International R&D funding, patent collateral, R&D-based growth model
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy; 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; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General

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