Effects of patents on the transition from stagnation to growth

Angus Chu, Zonglai Kou and Xilin Wang

Journal of Population Economics, 2020, vol. 33, issue 2, No 1, 395-411

Abstract: Abstract This study provides a growth-theoretic analysis of the effects of intellectual property rights on the take-off of an economy from an era of stagnation to a state of sustained economic growth. We incorporate patent protection into a Schumpeterian growth model in which take-off occurs when the population size crosses an endogenous threshold. We find that strengthening patent protection has contrasting effects on economic growth at different stages of development. Specifically, it leads to an earlier take-off but also reduces economic growth in the long run.

Keywords: Intellectual property rights; Endogenous take-off; Innovation; Economic growth (search for similar items in EconPapers)
JEL-codes: O31 O34 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (24)

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DOI: 10.1007/s00148-019-00753-6

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