We construct a model of dynamic endogenous product innovation and international trade, using it to calculate the … welfare effects of lower intellectual property rights (IPR) protection in the non-innovating South than in the innovating … a decomposition of the dynamic welfare formula. Key features include the ability of lower Southern IPR protection to …

Intellectual Property Rights (IPRs) protection in terms of its impact on innovation and technology transfer, as well as economic … growth and welfare. This paper documents the development of IPR regimes within countries and internationally, before … surveying the theoretical and empirical literature linking the protection of IPRs to economic growth, innovation and technology …

). The first part of this paper introduces different patent-policy instruments and reviews their effects on R&D and economic … empirical evidence on the effects of patent rights. Then, the second part considers the international aspects of IPR protection …. In summary, this survey draws the following conclusions from the literature. Firstly, different patent-policy instruments …

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 … proposed negative effect of patent rights on innovation. Finally, blocking patents generate a non-monotonic effect on …

This study develops an R&D-based growth model with basic and applied research to analyze the growth and welfare effects … of two patent instruments (a) the patentability of basic R&D and (b) the division of profi�t between basic and applied … negative effect or an inverted-U effect on technological progress. Nonetheless, a benevolent patent authority requires both …

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 … decreases economic growth but increases social welfare due to an increase in horizontal innovation. In light of this finding, we …

on the current debate on whether patent protection stimulates or stifles innovation. Specifically, we analyze the growth … and welfare effects of patent protection in the form of profit division between sequential innovators along the quality … ladder. We show that patent protection has asymmetric effects on vertical innovation (i.e., quality improvement) and …

the second scenario. Such conditions imply the existence of an inverse-U shaped relationship between innovation and …

policies and then calibrate the model to quantitatively evaluate the welfare gain from optimizing both patent instruments as … compared to optimizing only one patent instrument. In summary, we find that the welfare gain can be substantial. …A special characteristic of the patent system is that it features multiple patent-policy levers that can be employed by …