Dynamic analysis of innovation and international transfer of technology through licensing |
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Authors: | Hitoshi Tanaka Koichi Futagami |
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Affiliation: | a Graduate School of Economics, Osaka University, 1-7 Machikaneyama, Toyonaka, Osaka 560-0043, Japan b Faculty of Economics, Ritsumeikan University, 1-1-1 Noji-higashi, Kusatsu, Shiga 525-8577, Japan c Faculty of Economics, Osaka University, 1-7 Machikaneyama, Toyonaka, Osaka 560-0043, Japan |
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Abstract: | This paper develops a quality-ladder type dynamic general equilibrium model with endogenous innovation and technology licensing as a major source of international technology transfer in developing countries. Examining the dynamic characteristics of the model fully, we explore the short- and long-run effects of both an improvement in the probability of reaching a licensing agreement with a given effort and an increase in the license fee rate. The model shows that the former promotes innovation and technology transfers in both the long and short run, while the latter discourages them. |
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Keywords: | Innovation Licensing Technology transfer |
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