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We analyze the growth and welfare effects of globalization in a dynamic Schumpeterian North-South product-cycle model. Economic growth is driven by R&D activities of Northern entrepreneurs. Top Northern production technologies are imitated by the South. In the North, there is wage bargaining...
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Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In … practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to … make up for this neglect by scrutinizing in what direction industry characteristics influence optimal patent strength. It …
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