Intellectual Property Rights, Globalization and Growth

P.K. Stryszowski

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Abstract

I present a model that combines the key features of a Schumpeterian growth model without scale effects and a North - South model of trade.All open economies converge to parallel growth paths because of costly technological transfer.I study the e¤ects of intellectual property rights (IPR) regimes and trade policies on the growth rate, as well as on a given country's economic performance.The requirement that trade be balanced neutralizes all potential effects of the tariff policy on the world's growth rate, and on the performance of a single country.By contrast, an improvement of a given country's IPR regime is growth neutral but improves a country's position in the world's productivity rank.These findings are shown te be consistent with observedempirical relationships.
Original languageEnglish
Place of PublicationTilburg
PublisherMacroeconomics
Number of pages29
Volume2006-76
Publication statusPublished - 2006

Publication series

NameCentER Discussion Paper
Volume2006-76

Keywords

  • Intellectual Property Rights
  • Economic growth
  • International Trade

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    Stryszowski, P. K. (2006). Intellectual Property Rights, Globalization and Growth. (CentER Discussion Paper; Vol. 2006-76). Macroeconomics.