Knowledge Licensing in a Model of R&D-Driven Endogenous Growth

Jerbashian, Vahagn

doi:10.2139/ssrn.2404958

Knowledge Licensing in a Model of R&D-Driven Endogenous Growth

UB Economics Working Papers E14/304

78 Pages Posted: 6 Mar 2014

See all articles by Vahagn Jerbashian

Vahagn Jerbashian

University of Barcelona - Department of Economics; University of Barcelona - Barcelona Economic Analysis Team (BEAT)

There are 2 versions of this paper

Date Written: January 26, 2014

Abstract

In this paper I present an endogenous growth model where the engine of growth is in-house R&D performed by high-tech firms. I model knowledge (patent) licensing among high-tech firms. I show that if there is knowledge licensing, high-tech firms innovate more and economic growth is higher than in cases when there are knowledge spillovers or there is no exchange of knowledge among high-tech firms. However, in case when there is knowledge licensing the number of high-tech firms is lower than in cases when there are knowledge spillovers or there is no exchange of knowledge.

Keywords: Knowledge Licensing, Intra-firm R&D, Competitive Pressure, Endogenous Growth

JEL Classification: O30, O41, L16

Suggested Citation: Suggested Citation

Jerbashian, Vahagn, Knowledge Licensing in a Model of R&D-Driven Endogenous Growth (January 26, 2014). UB Economics Working Papers E14/304, Available at SSRN: https://ssrn.com/abstract=2404958 or http://dx.doi.org/10.2139/ssrn.2404958