Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059921 | Economics Letters | 2013 | 4 Pages |
Abstract
This paper examines the welfare-maximizing degree of patent protection in a growth model where the engines of economic growth are R&D and public services. The result shows that if public services are small, the welfare-maximizing level of patent protection is weaker.
⺠We develop a model where the engines of economic growth are R&D and public services. ⺠We examine the welfare-maximizing degree of patent protection. ⺠If public services are small, the welfare-maximizing patent protection is weaker. ⺠This result can explain why developing countries tend to prefer weaker patent protection.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Tatsuro Iwaisako,