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Product development,imitation and economic growth: A note |
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| Authors: | Debasis Mondal Manash Ranjan Gupta |
| Affiliation: | 1. Economic Research Unit , Indian Statistical Institute , Kolkata, West Bengal, India debasis36@yahoo.com;3. Economic Research Unit , Indian Statistical Institute , Kolkata, West Bengal, India |
| Abstract: | Abstract A dynamic North – South general equilibrium model of international product cycle is presented in this paper. The qualitative effects of strengthening intellectual property rights (IPR) on the balanced growth rate of the world economy is studied in two alternative cases: (i) imitation is direct from North to South; (ii) multinationalization is the channel of product transfer. |
| Keywords: | Product variety imitation intellectual property rights steady-state growth multinational knowledge capital weights |