【主讲】 Yuichi Furukawa (Chukyo University)
【主题】 Growth and Welfare Effects of Patentability and Knowledge Spillovers of Basic R&D
【时间】 2010年12月15日(周三) 15:30-17:00
【地点】 上海财经大学经济学院楼801室
Abstract:
Abstract: In this study, we develop an R&D-based growth model with basic and applied research to analyze the growth and welfare effects of two patent instruments (a) the patentability of basic R&D and (b) the division of profit between basic and applied researchers. We show that while the patentability of basic R&D has a non-monotonic effect on innovation through knowledge spillovers, the equilibrium growth rate is monotonically increasing in the share of profit assigned to basic R&D. Furthermore, we characterize the optimal coordination of the two patent instruments and show that the socially optimal allocation can be achieved in the decentralized economy by utilizing these policy instruments.