Should Developing Countries Strengthen their Intellectual Property Rights?
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Luis Angeles
Abstract
This paper evaluates the welfare consequences of implementing intellectual property rights in developing countries. The protection of intellectual property in poor countries promises to increase world innovation, but this would not come without costs. Higher prices for consumers in that part of the world are the negative side of this policy.We present a general equilibrium model with two regions (the North and the South) to compare these two effects. Our main contribution is to show that the results will depend on the difference in economic development (represented by labor productivity) between the two regions. The South might suffer a net welfare loss if its productivity level is very low with respect to the North.
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Artikel in diesem Heft
- Advances Article
- Comparing Wealth Effects: The Stock Market versus the Housing Market
- Optimal Time-Consistent Taxation with International Mobility Of Capital
- The Great Inflation of the Seventies: What Really Happened?
- Contributions Article
- The Effects of Industrialization on Education and Youth Labor in Indonesia
- A Closed Form Ramsey Saddle Path
- Indeterminacy, Stabilization Policy and Returns to Scale: A Re-Investigation
- Hiccups for HIPCs? Implications of Debt Relief for Fiscal Sustainability and Monetary Policy
- The Effects of Reducing Firing Costs in Spain: A Lost Opportunity?
- The Buffer-Stock Consumption Model with Endogenous Income Shifts
- Capital-Skill Complementarity and Rigid Relative Wages: Inference from the Business Cycle
- Indeterminacy and the Stability Puzzle in Non-Convex Economies
- The Underestimated Virtues of the Two-sector AK Model
- How Well Does the New Keynesian Sticky-Price Model Fit the Data?
- Exchange Rates and Fiscal Adjustments: Evidence from the OECD and Implications for the EMU
- Changing Technology Trends, Transition Dynamics, and Growth Accounting
- The 3-Equation New Keynesian Model --- A Graphical Exposition
- Topics Article
- Transparency and Reputation: The Publication of Central Bank Forecasts
- Technology Adoption in Follower Countries: With or Without Local R&D Activities?
- Non-Scale Models of R&D-based Growth: The Market Solution
- Parameter Instability, Model Uncertainty and the Choice of Monetary Policy
- Job Insecurity, Reallocation and Technological Innovation in a Self-Fulfilling Prophecy
- The Scope of Monetary Policy Actions Authorized Under the Federal Reserve Act
- Roads versus Schooling: Growth Effects of Government Choices
- Matching Up the Data on Education with Economic Growth Models
- An Active Public Investment Rule and the Downsizing Experience in the US: 1960-2000
- Exchange Rate Regimes and Financial Dollarization: Does Flexibility Reduce Currency Mismatches in Bank Intermediation?
- U.S. Regional Income and Technology: A Unit-Root and Cointegration Study
- Firm Entry with an Imperfect Labor Market
- Fiscal Policy and the Price Level
- Income Taxation, Productive Government Expenditure and Stochastic Growth: On Conditions for an Optimal Policy and the Role of the Risk Premium
- Income and Wealth Distributions Along the Business Cycle: Implications from the Neoclassical Growth Model
- Ramsey-Friedman Optimality with Banking Time
- Optimal Fiscal Policy with Rationing in the Labor Market
- The Monetary Policy Committee's Reaction Function: An Exercise in Estimation
- Policy Effects in the Post Boom U.S. Economy
- Human Capital and Growth: An Alternative Accounting
- Growing Old Together: Firm Survival and Employee Turnover
- Vertical Diversity, Communication Gap and Equilibrium Growth
- Should Developing Countries Strengthen their Intellectual Property Rights?
- Capital Accumulation in Private Information Economies