We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … lower than the social plannerś benchmark, which suggests a role for patent policy. We focus on a "non-infringing inventive … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

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 …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … lower than the social planner's benchmark, which suggests a role for patent policy. We focus on a “non-infringing inventive … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

In the land of ‘Jugaad’, where everyone is able to find a frugal fix toany problem, innovation is still dismal …. Innovation in India is dismal not because of the lack of grey matter, but because India is systemically failing its inventors … broken system of filing patents. This article presents a deeper view of the latter and suggests tried-and-tested methods to …

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 …

industrial property, measured by patents, on the GDP of 10 Latin America countries during the period 1990 to 2010. Apply … between the level of innovation and GDP.En este artículo se presenta un modelo empírico de datos panel no estacionario y …

This paper looks at the relationship between patents and economic growth in Japan and South Korea using both individual … country and panel data. For the econometric estimation, we use annual data for 1963-2005. For Japan, we find that the … logarithms of real GDP and the number of patents are cointegrated. For South Korea, we do find such evidence. For Japan, we find …

Biographical information on a sample of renowned U.S. inventors is combined with information on the patents they … received over their careers, and employed to highlight the implications of patent institutions for markets in inventions and … for democratization. The United States deliberately created a patent system that differed from existing European systems …