Knowledge Licensing in a Model of R&D-driven Endogenous Growth

Vahagn Jerbashian

No 2014/304, UB School of Economics Working Papers from University of Barcelona School of Economics

Abstract: In this paper I present an endogenous growth model where the engine of growth is in-house R&D performed by high-tech firms. I model knowledge (patent) licensing among high-tech firms. I show that if there is knowledge licensing, high-tech firms innovate more and economic growth is higher than in cases when there are knowledge spillovers or there is no exchange of knowledge among high-tech firms. However, in case when there is knowledge licensing the number of high-tech firms is lower than in cases when there are knowledge spillovers or there is no exchange of knowledge.

Keywords: Knowledge Licensing; Intra-firm R&D; Competitive Pressure; Endogenous Growth. (search for similar items in EconPapers)
JEL-codes: L16 O30 O41 (search for similar items in EconPapers)
Pages: 78 pages
Date: 2014
New Economics Papers: this item is included in nep-cse, nep-fdg, nep-gro, nep-ino, nep-knm and nep-sbm
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Knowledge licensing in a model of R&D-driven endogenous growth (2016)
Working Paper: Knowledge Licensing in a Model of R&D-Driven Endogenous Growth (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ewp:wpaper:304web

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