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 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 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 …

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 …

In this study, we analyze the effects of labor shortage in China on the direction of innovation in the US by … change in the North. This fi�nding highlights the different implications of offshoring and conventional trade on innovation …

In this note, we explore the different implications of patent breadth and R&D subsidies on economic growth and … endogenous market structure in a Schumpeterian growth model. We find that these two policy instruments have the same positive … effect on economic growth when the model exhibits counterfactual scale effects under an exogenous number of firms. However …

In this note, we develop a search-based monetary growth model to analyze the growth and welfare effects of inflation …. We introduce endogenous growth via capital externality into a two-sector search model and compare the effects of … inflation to those from a standard cash-in-advance (CIA) growth model. We �find two important differences between the two …