Interactive effects of monetary policy and patent protection: The role of endogenous innovation size

Lu, You-Xun

doi:10.1016/j.econmod.2022.105909

Economic Modelling

2022

DOI: 10.1016/j.econmod.2022.105909

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Interactive effects of monetary policy and patent protection: The role of endogenous innovation size

You-Xun Lu

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Cited by 4 publications

References 62 publications

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Effects of patent policy on growth and inequality: exogenous versus endogenous quality improvements

Lu,

Lai,

2023

J Econ

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This study explores the implications of patent protection on growth and inequality under exogenous versus endogenous quality improvements. Our analysis shows that the effects of strengthening patent protection under an endogenous innovation size can be quite different from those under an exogenous innovation size. Under our calibrated parameter values, we find that strengthening patent protection promotes economic growth, raises income inequality, and decreases consumption inequality under exogenous quality improvements. However, in the case of endogenous quality improvements, strengthening patent protection generates an inverted-U effect on economic growth; both income inequality and consumption inequality decrease with the strength of patent protection.

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Effects of patent policy on growth and inequality: exogenous versus endogenous quality improvements

Lu,

Lai,

2023

J Econ

Self Cite

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The inverted-U effect of inflation on growth: Cross-country evidence

2023

Economic Modelling

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The struggle between capitalists and workers concerning patent and monetary policies in a Schumpeterian economy

Afonso,

Lima

2024

Economic Systems

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Interactive effects of monetary policy and patent protection: The role of endogenous innovation size

Cited by 4 publications

References 62 publications

Effects of patent policy on growth and inequality: exogenous versus endogenous quality improvements

Effects of patent policy on growth and inequality: exogenous versus endogenous quality improvements

The inverted-U effect of inflation on growth: Cross-country evidence

The struggle between capitalists and workers concerning patent and monetary policies in a Schumpeterian economy

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