The role of intellectual property rights in a directed technical change model

• Tipo: Artigo em Revista Científica Internacional
• Data: 2021

Autores

Óscar Afonso (Autor) FEP; Magalhaes, M (Autor) Outra

Revista

Título: INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS

Vol. 26 Nº 2

Páginas: 2142-2176

ISSN: 1076-9307

Editora: John Wiley & Sons

Indexação

ISI Web of Knowledge - 2 Citações

Scopus - 1 Citação

Outras Informações

ID Authenticus: P-00S-K9Q

DOI: 10.1002/ijfe.1899

Abstract (EN): We propose a two country, Innovator and Follower, directed technical change model between tradable and nontradable sectors. The Innovator performs innovative R&D and the Follower adopts the available technological knowledge. Substitutability between sectors, scale effects, international IPRs protection and R&D productivity determine the economic growth and the technological-knowledge bias, which, in turn, affects relative prices and wages. Wages are higher in the Innovator, namely in the nontradable sector under strong substitutability. Technological-knowledge and intra-country wage inequality are biassed towards the tradable sector, the effect being reinforced by positive IPRs protection and substitutability. Real exchange rates accommodate the Balassa-Samuelson proposal and increase with positive IPRs protection and substitutability. The effect of IPRs on the steady-state growth rate is ambiguous, depending on the substitutability. Theoretical results are also influenced by labor movements and are confirmed by a calibrated exercise for 11 developed/Innovator countries and 11 developing/Follower countries, and by the empirical evidence.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 35