This thesis consists of three chapters on innovation and economic growth. Chapter 1 is a joint work with Daron Acemoglu. We study the form of intellectual property rights (IPR) policy and licensing in the context of endogenous economic growth with step-by-step cumulative innovation. The main...

This paper introduces endogenous technical change through basic and applied research in a growth model. Basic research diverts from applied research in two significant ways. First, significant advances in technological knowledge come through basic research rather than applied research. Second,...