Innovation, Imitation and Intellectual Property Rights: A Note on Helpman's Model |
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Authors: | Debasis Mondal Manash Ranjan Gupta |
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Institution: | (1) Economic Research Unit, Indian Statistical Institute, 203, B.T. Road, Kolkata, 700108, West Bengal, India |
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Abstract: | This note analyses the effect of the policy of tightening Intellectual Property Rights (IPR) on the rate of innovation in
the North and on the welfare in both North and South in a model which is otherwise identical to Helpman (1993) except in the
concept of knowledge capital. We assume that the South based imitated products do not contribute to the knowledge capital
in the North. It is shown that the tightening of IPR raises the rate of innovation in the North and may improve the welfare
of both North and South. These results are significantly different from those in Helpman (1993). |
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Keywords: | innovation imitation intellectual property rights knowledge capital North– South economic growth steady-state growth equilibrium welfare |
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