Quantifying the Effects of Patent Protection on Innovation, Imitation, Growth, and Aggregate Productivity | Academic Article individual record
abstract

Abstract I develop a general equilibrium model in which patent protection can increase or decrease the costs of sequential innovation, original innovation, and imitation. Depending on these relative effects, protection can in theory increase or decrease markups, imitation, innovation, growth, and aggregate productivity. I discipline the model using data from several different sources, and find that weakening protection in the U.S. would lead to no change in markups and imitation, no change in long-run growth, a significant increase in the number of firms, and an increase in aggregate productivity of 11%.

authors
publication outlet

The B.E. Journal of Macroeconomics

author list (cited authors)
Bento, P
publication date
2021
publisher
keywords
  • Firm Size
  • Productivity
  • Patent Protection
  • Imitation
  • Competition
  • Innovation
citation count

1

identifier
103834SE
Digital Object Identifier (DOI)
start page
1
end page
35
volume
21
issue
1
UN Sustainable Development Goals