Please use this identifier to cite or link to this item:
|Title:||Endogenous imitation and endogenous growth in a North-South model: A theoretical analysis||Authors:||Mondal, D.
Ranjan, Gupta M.
Intellectual Property Rights
Steady state equilibrium
|Issue Date:||2009||Citation:||Mondal, D., Ranjan, Gupta M. (2009). Endogenous imitation and endogenous growth in a North-South model: A theoretical analysis. Journal of Macroeconomics 31 (4) : 668-684. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jmacro.2009.01.005||Abstract:||This paper presents a modified version of the North-South endogenous imitation model of Grossman and Helpman [Grossman, G., Helpman, E., 1991b. Endogenous product cycles. The Economic Journal 101, 1241-1229] based on the product variety framework. We show that a tighter Intellectual Property Rights (IPR) protection in the South leads to an increase in the rate of innovation in the North in the steady state equilibrium. We also analyse some transitional dynamic properties of this modified model and derive comparative dynamic effects on the North-South relative wage with respect to changes in the IPR protection parameter. We also focus on the welfare effects of the policy of IPR strengthening. The South may have a welfare gain in this model when the IPR protection policy is strengthened. This result is different from that obtained in Helpman [Helpman, E., 1993. Innovation, imitation, and intellectual property rights. Econometrica 61(6), 1247-1280] model where IPR strengthening causes welfare loss of the South. © 2009 Elsevier Inc. All rights reserved.||Source Title:||Journal of Macroeconomics||URI:||http://scholarbank.nus.edu.sg/handle/10635/22423||ISSN:||01640704||DOI:||10.1016/j.jmacro.2009.01.005|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Jun 19, 2019
WEB OF SCIENCETM
checked on Jun 11, 2019
checked on May 24, 2019
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.