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In this study, we explore the effects of a change in unskilled labor in China on the direction of innovation in the US by incorporating production offshoring into a North-South model of directed technical change. We find that intellectual property rights (IPRs) and offshoring are different ways...
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type="main" xml:lang="en" <title type="main">Abstract</title> <p>In his previous work, Yano defined market quality as a market performance measure combining efficiency and fairness. His theory states that market quality is supported by well-coordinated market infrastructure, including laws, rules, and compliance as well as...</p>
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A special characteristic of the patent system is that it features multiple patent-policy levers that can be employed by policymakers. In this note, we develop an R&D-based growth model to analyze the optimal mix of patent instruments by considering patent breadth and the division of profit in...
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This paper shows in an endogenous growth model without scale effects that the relationship between intellectual property protection and innovation can be inverted-U-shaped. The inverted-U relationship emerges from an interaction between learning-driven and R&D-driven technological advances.
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