This study develops an R&D-based growth model with vertical and horizontal innovation to shed some light on the current … debate on whether patent protection stimulates or stifles innovation. We analyze the effects of patent protection in the form … of blocking patents. We show that patent protection changes the direction of innovation by having asymmetric effects on …

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 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 …

IPR protection and innovation, but the evidence is stronger for developed countries than for developing countries. Thirdly …, the optimal level of IPR protection should tradeoff the social benefits of enhanced innovation against the social costs of …

Intellectual Property Rights (IPRs) protection in terms of its impact on innovation and technology transfer, as well as economic … surveying the theoretical and empirical literature linking the protection of IPRs to economic growth, innovation and technology …

growth in the developing country is driven by domestic innovation as well as imitation and transfer of foreign technologies … implements strong IPR protection to encourage domestic innovation. Finally, we provide empirical evidence that supports this …