A note on the effect of patents in endogenous growth models
Applied Economics Letters, 2018, vol. 25, issue 3, 158-161
This note examines the effect of patent protection in an endogenous growth model with a generic innovation process. It indicates that increasing patent breadth stimulates innovation when R&D is less intermediates-intensive than production, whereas it has a non-monotonic effect on innovation when the former is more intermediates-intensive than the latter.
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