opportunity cost of cash holdings leads to a decrease in innovation and economic growth, which in turn decreases labor …This study analyzes the effects of inflation on the long-run nexus between unemployment and economic growth. We … introduce money demand via a cash-in-advance (CIA) constraint on R&D investment into a scale-invariant Schumpeterian growth …

growth. This part also discusses the distortionary effects and distributional consequences of IPR protection as well as … have different effects on R&D and growth. Secondly, there is empirical evidence supporting a positive relationship between … IPR protection and innovation, but the evidence is stronger for developed countries than for developing countries. Thirdly …

This study develops an R&D-based growth model that features both vertical and horizontal innovation to shed some light … on the current debate on whether patent protection stimulates or stifles innovation. Specifically, we analyze the growth … ladder. We show that patent protection has asymmetric effects on vertical innovation (i.e., quality improvement) and …

This study develops a Schumpeterian growth model to analyze the effects of different patent instruments on innovation …. We first analyze patent breadth that captures the traditional positive effect of patent rights on innovation. Then, we … assigned to incumbents reduces entrants' incentives for innovation. This aspect of blocking patents captures the recently …

This study develops an R&D-based growth model with basic and applied research to analyze the growth and welfare effects … researchers. We �find that for the purpose of stimulating basic R&D and economic growth simultaneously, increasing the share of …

This study develops an R&D-based growth model with vertical and horizontal innovation to shed some light on the current … decreases economic growth but increases social welfare due to an increase in horizontal innovation. In light of this finding, we … debate on whether patent protection stimulates or stifles innovation. We analyze the effects of patent protection in the form …

This letter explores the different implications of patent breadth and R&D subsidies on economic growth and endogenous … growth when the model exhibits scale effects under a fixed number of firms. When the model becomes scale-invariant under an … endogenous number of firms, patent breadth increases economic growth but decreases the number of firms, whereas R&D subsidies …

the effects of monetary policy on economic growth and social welfare in a Schumpeterian model with cash-in-advance (CIA … consumption and R&D (manufacturing), an increase in the nominal interest rate would decrease (increase) R&D and economic growth … interest rate would have an overall negative effect on R&D and economic growth as documented in recent empirical studies. We …

&D-based growth model with aggregate uncertainty in the innovation process and apply the model to ask whether increasing patent …In this note, we analyze the effects of intellectual property rights on the volatility of economic growth. Our analysis … with a reduction in growth volatility beginning in the mid 1980’s. To analyze this phenomenon, we develop an R …