Technology Transfer And Technology Policy In A Developing Country

Saon Ray

Journal of Developing Areas, 2012, vol. 46, issue 2, 371-396

Abstract: The transfer of technology from developed to the developing countries plays an important role in meeting the technological needs of the latter. A strict patent regime adopted by a developing country encourages the transfer of the latest technology from the developed world. At the same time however, such a regime impedes the spread of the technology within the developing country through spillovers. This paper examines the welfare effects of technology policy of a developing country, which depends on both the technology transferred as well as the spillover of knowledge from such transfers. Situating the model in a welfare maximizing framework, we show that there are gains as well as losses from a stricter patent regime, which underlines the case for an optimal technology policy that may involve a semi strong patent regime.

Keywords: Technology policy; Foreign investment; Technology transfer; Intellectual property rights; Spillovers (search for similar items in EconPapers)
JEL-codes: F23 O34 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:jda:journl:vol.46:year:2012:issue2:pp:371-396

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