Endogenous growth and intellectual property rights: A north–south modeling proposal

Mónica L. Azevedo, Oscar Afonso and Sandra T. Silva

Economic Modelling, 2014, vol. 38, issue C, 112-120

Abstract: In this paper, we develop a general equilibrium endogenous growth model that emphasizes the IPR enforcement effects on growth, in a scenario of north–south technological knowledge diffusion. The economy consists of three sectors, and firms are engaged in step-by-step innovation. In line with the literature, we introduce an IPR parameter that makes imitation more difficult. We find that, in steady state, the increases in IPR protection result in decreases in the growth rate. This result is in line with the literature, which argues that the enforcement of IPR does not always have a positive effect on economic growth. To sum up, we present some suggestions for future research which can help to clarify the relationship between IPR and endogenous growth.

Keywords: Intellectual Property Rights (IPR); Economic growth; North–south model (search for similar items in EconPapers)
JEL-codes: O33 O34 O41 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999313005701
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Endogenous growth and intellectual property rights: a North-South modelling proposal (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:38:y:2014:i:c:p:112-120

DOI: 10.1016/j.econmod.2013.12.021

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().