Welfare effects of patent protection and productive public services: Why do developing countries prefer weaker patent protection?

This paper examines the welfare-maximizing degree of patent protection in a growth model where the engines of economic growth are R&D and public services. The result shows that if public services are small, the welfare-maximizing level of patent protection is weaker.

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Year of publication:	2013
Authors:	Iwaisako, Tatsuro
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 118.2013, 3, p. 478-481
Publisher:	Elsevier
Subject:	Endogenous growth \| Patent protection \| Public services \| Welfare analysis

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Type of publication:	Article
Classification:	O34 - Intellectual Property Rights: National and International Issues ; O38 - Government Policy ; O40 - Economic Growth and Aggregate Productivity. General
Source:	RePEc - Research Papers in Economics

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