Using Patents in Growth Models

Economics of Innovation and New Technology, Vol. 11

Posted: 27 Feb 2001

See all articles by Louise C. Keely

Louise C. Keely

University of Wisconsin - Madison - Department of Economics

Date Written: October 2000

Abstract

This paper surveys the microeconomic literature of intellectual property design in order to assess assumptions regarding intellectual property protection in R&D-based endogenous growth models, and to suggest directions for that growth literature to extend. Growth models use largely inappropriate assumptions regarding the method of intellectual property reward. Determining optimal intellectual property design is complex and has important implications for economic performance. Insight into how the choice of intellectual property regime impacts growth and welfare will have significant policy implications.

Note: This is a description of the article and not the actual abstract.

JEL Classification: O34,O40

Suggested Citation

Keely, Louise, Using Patents in Growth Models (October 2000). Economics of Innovation and New Technology, Vol. 11, Available at SSRN: https://ssrn.com/abstract=257062

Louise Keely (Contact Author)

University of Wisconsin - Madison - Department of Economics ( email )

1180 Observatory Drive
Madison, WI 53706
United States
608 262 6723 (Phone)

HOME PAGE: http://www.ssc.wisc.edu/~lkeely

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