Batabyal, Amitrajeet A.; Nijkamp, Peter - 2013
use, innovative activity, and patent protection, on economic growth in a model with many regions. In each region … balanced growth path (BGP) equilibrium and show that the BGP growth rate depends negatively on the rate at which patents expire …. Second, we characterize the transitional dynamics in our model. Third, we determine the value of the patent expiry rate that …
