Effects of patents on the transition from stagnation to growth

Chu, AC ORCID: 0000-0002-7196-1277, Kou, Z and Wang, X (2020) Effects of patents on the transition from stagnation to growth Journal of Population Economics, 33 (2). pp. 395-411. ISSN 0933-1433, 1432-1475

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Abstract

This study provides a growth-theoretic analysis of the effects of intellectual property rights on the take-off of an economy from an era of stagnation to a state of sustained economic growth. We incorporate patent protection into a Schumpeterian growth model in which take-off 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 development. Specifically, it leads to an earlier take-off but also reduces economic growth in the long run.

Item Type:	Article
Uncontrolled Keywords:	38 Economics, 3802 Econometrics, 8 Decent Work and Economic Growth
Depositing User:	Symplectic Admin
Date Deposited:	13 Aug 2019 09:17
Last Modified:	24 Jan 2026 02:05
DOI:	10.1007/s00148-019-00753-6
Related Websites:	Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3051546
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