Using Patents in Growth Models
Economics of Innovation and New Technology, Vol. 11
Posted: 27 Feb 2001
Date Written: October 2000
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: Suggested Citation