Chu, Angus C.; Peng, Shin-Kun - Volkswirtschaftliche Fakultät, … - 2008
What are the effects of the WTO's TRIPS Agreement on growth, welfare and income inequality? To analyze this question …, we develop an open-economy R&D-driven endogenous-growth model with wealth heterogeneity. Under TRIPS, the North … importance of foreign goods below which global welfare decreases under TRIPS. In light of our findings, we discuss policy …