A note on the effect of patents in endogenous growth models |
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| Authors: | Tao Qian |
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| Affiliation: | China Academy of Western Region Development, Zhejiang University, Hangzhou, China |
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| Abstract: | 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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| Keywords: | Patent protection intermediates-intensive innovation endogenous growth |
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