Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jmacro.2009.01.005
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dc.titleEndogenous imitation and endogenous growth in a North-South model: A theoretical analysis
dc.contributor.authorMondal, D.
dc.contributor.authorRanjan, Gupta M.
dc.date.accessioned2011-05-03T08:09:51Z
dc.date.available2011-05-03T08:09:51Z
dc.date.issued2009
dc.identifier.citationMondal, 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
dc.identifier.issn01640704
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/22423
dc.description.abstractThis 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jmacro.2009.01.005
dc.sourceScopus
dc.subjectImitation
dc.subjectInnovation
dc.subjectIntellectual Property Rights
dc.subjectNorth
dc.subjectProduct variety
dc.subjectSouth
dc.subjectSteady state equilibrium
dc.subjectTransitional dynamics
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/j.jmacro.2009.01.005
dc.description.sourcetitleJournal of Macroeconomics
dc.description.volume31
dc.description.issue4
dc.description.page668-684
dc.identifier.isiut000272262600014
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