Endogenous strength of intellectual property rights: Implications for economic development and growth

摘要: Abstract The key institution that determines sustained growth in R&D-based models is the strength of intellectual property rights, which are usually assumed to be exogenous. In this paper we endogenize rights and show how private incentives protect these affect economic development growth. Our model explains endogenous differences across countries as invest generate multiple equilibria. We resulting institutional threshold offers an explanation for why effect a transfer institutions from one country another depends on quality were imported.