Innovation, Imitation and Intellectual Property Rights in Developing Countries
Journal
Review of Development Economics
Journal Volume
20
Journal Issue
1
Pages
138-151
Date Issued
2016
Author(s)
Abstract
This paper sets up a vertically related market model in which imitation and innovation are endogenously determined to study the impact of intellectual property rights (IPR) protection on less-developed countries. It shows how a less-developed country switches from imitation to innovation as it develops. It is also found that the relationship between IPR protection and economic development is U-shaped. The IPR protection tends to go down and then go up as income rises. This finding also conforms with that in the empirical literature on IPR protection. © 2016 John Wiley & Sons Ltd.
Other Subjects
developing world; economic development; imitation; income; innovation; intellectual property rights
Type
journal article