Effects of patents on the transition from stagnation to growth



Chu, Angus C ORCID: 0000-0002-7196-1277, Kou, Zonglai and Wang, Xilin
(2020) Effects of patents on the transition from stagnation to growth. Journal of Population Economics, 33 (2). pp. 395-411.

[img] Text
takeoff.pdf - Author Accepted Manuscript

Download (233kB) | Preview

Abstract

<jats:title>Abstract</jats:title><jats:p>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.</jats:p>

Item Type: Article
Uncontrolled Keywords: 8 Decent Work and Economic Growth
Depositing User: Symplectic Admin
Date Deposited: 13 Aug 2019 09:17
Last Modified: 17 Mar 2024 04:57
DOI: 10.1007/s00148-019-00753-6
Related URLs:
URI: https://livrepository.liverpool.ac.uk/id/eprint/3051546