Logo
Munich Personal RePEc Archive

Effects of Patents on the Transition from Stagnation to Growth

Chu, Angus C. and Kou, Zonglai and Wang, Xilin (2019): Effects of Patents on the Transition from Stagnation to Growth.

Warning
There is a more recent version of this item available.
[thumbnail of MPRA_paper_94239.pdf] PDF
MPRA_paper_94239.pdf

Download (228kB)

Abstract

This study provides a growth-theoretic analysis on the effects of intellectual property rights on the endogenous takeoff of an economy. We incorporate patent protection into a Schumpeterian growth model in which takeoff occurs when the population size crosses an endogenous threshold. We find that strengthening patent protection has contrasting effects on economic growth at different stages of the economy. Specifically, it leads to an earlier takeoff but also reduces economic growth in the long run.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.