This paper considers the prospect of a government patent buyout in a model of endogenous growth. To this end, the … shows that in this set-up, patent buyout by the government can lead to higher level of welfare without lowering an economy …

We show a causal impact of immigration on innovation and dynamism in US counties. To identify the causal impact of … recent decades. We show four main results. First, immigration has a positive impact on innovation, measured by the patenting … impact of immigration on innovation percolates over space, but spatial spillovers quickly die out with distance. Fourth, the …

We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990 … such applications, a key role is played by complementarities in the process of innovation. …

empirical analysis of patent and energy data. Our contribution is fivefold. First, our model shows that under very general …

industries, and patents can distort resources away from industries where they are most productive. -- innovation ; patent policy …This paper examines patent protection in an endogenous-growth model. Our aim is twofold. First, we show how the patent … policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role …