Patent protection has contrasting effects on economic growth at different stages of development.

Journal of Population Economics (2020) 33: 395–411. The lead paper in the April 2020 issue of the journal provides a growth-theoretic analysis of the effects of intellectual property rights on the take-off of an economy from an era of stagnation to a state of sustained economic growth. Strengthening patent protection leads to an earlier take-off but also reduces economic growth in the long run.

Effects of patents on the transition from stagnation to growth

by Angus C. Chu, Zonglai Kou & Xilin Wang


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