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Patentability and Knowledge Spillovers of Basic R&D

Chu, Angus C.; Furukawa, Yuichi - In: Southern Economic Journal 79 (2013) 4, pp. 928-945

This study develops a research and development (R&D)–based growth model with basic and applied research to analyze the growth and welfare effects of two patent instruments: (i) the patentability of basic R&D and (ii) the division of profit between basic and applied researchers. We find that...

Persistent link: https://www.econbiz.de/10010857252

Patents RD subsidies and endogenous market structure in a Schumpeterian economy

Chu, Angus C.; Furukawa, Yuichi; Ji, Lei - Centre de recherche en Économie (OFCE), Sciences … - 2013

This study explores the different implications of patent breadth and RD subsidies on economic growth and endogenous market structure in a Schumpeterian growth model. We fend that when the number of firms is fixed in the short run, patent breadth and R&D subsidies serve to increase economic...

Persistent link: https://www.econbiz.de/10010903097

Patents versus R&D subsidies in a Schumpeterian growth model with endogenous market structure

Chu, Angus C.; Furukawa, Yuichi - Volkswirtschaftliche Fakultät, … - 2012

In this note, we explore the different implications of patent breadth and R&D subsidies on economic growth and endogenous market structure in a Schumpeterian growth model. We find that these two policy instruments have the same positive effect on economic growth when the model exhibits...

Persistent link: https://www.econbiz.de/10011261186

Innovating Like China: a Theory of Stage-Dependent Intellectual Property Rights

Chu, Angus C.; Cozzi, Guido; Galli, Silvia - Department of Economics and Finance, Business School - 2011

through foreign direct investment. We show that optimal intellectual property rights (IPR) protection is stage-dependent. At …

Persistent link: https://www.econbiz.de/10009492754

Macroeconomic Effects of Intellectual Property Rights: A Survey

Chu, Angus C. - Institute of Economics, Academia Sinica - 2009

This paper provides a survey on studies that analyze the macroeconomic effects of intellectual property rights (IPR). The first part of this paper introduces different patent policy instruments and reviews their effects on R&D and economic growth. This part also discusses the distortionary...

Persistent link: https://www.econbiz.de/10008509527

On the Growth and Welfare Effects of Defense R&D

Chu, Angus C.; Lai, Ching-Chong - Institute of Economics, Academia Sinica - 2009

In the US, defense R&D share of GDP has decreased significantly since 1960. To analyze the implications on growth and welfare, we develop an R&D-based growth model that features the crowding-out and spillover effects of defense R&D on civilian R&D. The model also captures the effects of defense...

Persistent link: https://www.econbiz.de/10008514879

Macroeconomic Effects of Intellectual Property Rights: A Survey

Chu, Angus C. - Volkswirtschaftliche Fakultät, … - 2009

This paper provides a survey on studies that analyze the macroeconomic effects of intellectual property rights (IPR). The first part of this paper introduces different patent-policy instruments and reviews their effects on R&D and economic growth. This part also discusses the distortionary...

Persistent link: https://www.econbiz.de/10008528740

The welfare cost of one-size-fit-all patent protection

Chu, Angus C. - Volkswirtschaftliche Fakultät, … - 2009

To analyze the welfare gain from allowing for differentiated patent protection across sectors, this study develops a two-sector quality-ladder growth model in which patent breadth is a policy variable and derives the optimal patent breadth under two policy regimes. We show that (i) the optimal...

Persistent link: https://www.econbiz.de/10008530716

Monetary Policy, R&D and Economic Growth in an Open Economy

Chu, Angus C.; Cozzi, Guido; Lai, Ching-Chong; Liao, … - School of Economics and Political Science, Universität … - 2013

cash-in-advance constraints on consumption and R&D investment. We find that an increase in the domestic nominal interest … rate decreases domestic R&D investment and the growth rate of domestic technology. Given that economic growth in a country … CIA constraint on consumption (R&D investment), a larger market power of firms decreases (increases) the wedge between the …

Persistent link: https://www.econbiz.de/10010676249

R&D and Economic Growth in a Cash-in-Advance Economy

Chu, Angus C.; Cozzi, Guido - School of Economics and Political Science, Universität … - 2013

R&D investment has well-known liquidity problems, with potentially important consequences. In this paper, we analyze …) constraints on consumption, R&D investment, and manufacturing. Our results are as follows. Under the CIA constraints on …

Persistent link: https://www.econbiz.de/10010627327