Trade, innovation and optimal patent protection

David Hemous, Simon Lepot, Thomas Sampson and Julian Scharer

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: This paper provides a first comprehensive quantitative analysis of optimal patent policy in the global economy. We introduce a new framework, which combines trade and growth theory into a tractable tool for quantitative research. Our application delivers three main results. First, the potential gains from international cooperation over patent policies are large. Second, only a small share of these gains has been realized so far. And third, the WTO's TRIPS agreement has been counterproductive, slightly reducing welfare in the Global South and for the world. Overall, there is substantial scope for policy reform.

Keywords: trade policy; innovation; growth; patents; TRIPS (search for similar items in EconPapers)
Date: 2023-11-13
New Economics Papers: this item is included in nep-ino, nep-int, nep-ipr and nep-tid
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https://cep.lse.ac.uk/pubs/download/dp1958.pdf (application/pdf)

Related works:
Working Paper: Trade, innovation and optimal patent protection (2024)
Working Paper: Trade, Innovation and Optimal Patent Protection (2023)
Working Paper: Trade, innovation and optimal patent protection (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp1958

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