Effects of patent policy on growth and inequality: exogenous versus endogenous quality improvements

被引：0

作者：

You-Xun Lu

Ching-Chong Lai

Po-Yang Yu

机构：

[1] Nanjing University of Information Science and Technology,School of Business

[2] Nanjing University of Information Science and Technology,Yangtze River Institute of International Digital Trade Innovation and Development

[3] Academia Sinica,Institute of Economics

[4] National Cheng Chi University,Department of Economics

[5] National Sun Yat-Sen University,Institute of Economics

[6] National Taipei University,Department of Economics

来源：

Journal of Economics | 2024年 / 141卷 / 1期

关键词：

Innovation; Patent protection; Economic growth; Inequality; D30; O30; O40;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

This study explores the implications of patent protection on growth and inequality under exogenous versus endogenous quality improvements. Our analysis shows that the effects of strengthening patent protection under an endogenous innovation size can be quite different from those under an exogenous innovation size. Under our calibrated parameter values, we find that strengthening patent protection promotes economic growth, raises income inequality, and decreases consumption inequality under exogenous quality improvements. However, in the case of endogenous quality improvements, strengthening patent protection generates an inverted-U effect on economic growth; both income inequality and consumption inequality decrease with the strength of patent protection.

引用

页码：1 / 28

页数：27