کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5083049 1477791 2017 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
International R&D funding and patent collateral in an R&D-based growth model
ترجمه فارسی عنوان
تامین مالی بین المللی تحقیق و توسعه و وثیقه ثبت اختراع در یک مدل رشد مبتنی بر تحقیق و توسعه
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper develops an R&D-based growth model featuring international R&D funding and patent collateral. Several main findings emerge from the analysis. First, with an inelastic labor supply, a rise in the fraction of patent collateral is beneficial to both innovations and economic growth. Second, when labor supply is inelastic, a rise in either the foreign interest rate or the fraction of borrowed R&D funding is harmful to innovations and economic growth. Third, our numerical results show that the above two findings are robust when labor is supplied elastically. Finally, our numerical results indicate that, regardless of whether labor supply is inelastic or elastic, the government can implement an optimal patent breadth policy to maximize the social welfare level. Our numerical results also point out that this optimal patent breadth will decrease in response to a reduction in the foreign interest rate, a rise in the fraction of the collateral, and a reduction in the fraction of borrowed R&D labor costs.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Economics & Finance - Volume 51, September 2017, Pages 545-561
نویسندگان
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