Title: Costly R&D and intellectual property rights protection
Authors: Amy Jocelyn Glass
Addresses: Assistant Professor, Department of Economics, Ohio State University, 1945 North High Street, Columbus, OH 43210-1172, USA
Abstract: This paper summarises some of my product cycle models addressing the role of intellectual property rights (IPR) protection when all forms of R&D, including imitation, are costly. While the settings considered differ, the models all share the feature that a strengthening of IPR protection makes R&D more difficult, and thus causes firms to waste scarce resources ||reinventing the wheel||. Taking the perspective that stronger IPR protection increases the cost of R&D demonstrates how weak IPR protection can aid a country|s development by enabling its firms to make efficient use of scarce resources and thus further advance the country|s technology frontier.
Keywords: innovation; imitation; intellectual property rights; foreign direct investment.
International Journal of Technology Management, 2000 Vol.19 No.1/2, pp.179-193
Published online: 07 Jul 2003 *Full-text access for editors Access for subscribers Purchase this article Comment on this article