Dynamic effects of patent policy on innovation and inequality in a Schumpeterian economy
نویسندگان
چکیده
This study explores the dynamic effects of patent policy on innovation and income inequality in a Schumpeterian growth model with endogenous market structure heterogeneous households. We find that strengthening protection has positive effect economic or an inverted-U when number differentiated products is fixed short run. However, adjusts endogenously, become negative long also calibrate to US data perform quantitative analysis long-run much larger than its short-run effect. result remains consistent our empirical finding from panel vector autoregression.
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2021
ISSN: ['1432-0479', '0938-2259']
DOI: https://doi.org/10.1007/s00199-021-01357-6