Patents in a Model of Endogenous Growth

Ted O'Donoghue and Josef Zweimueller
Authors registered in the RePEc Author Service: Josef Zweimüller ()

Journal of Economic Growth, 2004, vol. 9, issue 1, 123 pages

Abstract: This paper examines patent protection in an endogenous-growth model. Our aim is twofold. First, we show how the patent policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role of patents has been largely ignored. Second, we explore how the general-equilibrium framework contributes to the results of the patent-design literature. In a general-equilibrium model, both incentives to innovate and monopoly distortions depend on the proportion of industries that conduct R&D. Furthermore, patents affect the allocation of R&D resources across industries, and patents can distort resources away from industries where they are most productive.

Date: 2004
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Related works:
Working Paper: Patents in a Model of Endogenous Growth (1998)
Working Paper: Patents in a Model of Endogenous Growth (1998)
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