Trade, innovation and optimal patent protection

Hémous, David, Lepot, Simon, Sampson, Thomas and Schärer, Julian (2023) Trade, innovation and optimal patent protection. CEP Discussion Papers (CEPDP1958). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

This paper provides a first comprehensive quantitative analysis of optimal patent policy in the global economy. We introduce a new framework, which combines trade and growth theory into a tractable tool for quantitative research. Our application delivers three main results. First, the potential gains from international cooperation over patent policies are large. Second, only a small share of these gains has been realized so far. And third, the WTO's TRIPS agreement has been counterproductive, slightly reducing welfare in the Global South and for the world. Overall, there is substantial scope for policy reform.

Item Type:	Monograph (Discussion Paper)
Official URL:	https://cep.lse.ac.uk/_new/publications/discussion...
Additional Information:	© 2023 The Author(s)
Divisions:	Economics
Subjects:	H Social Sciences > HC Economic History and Conditions T Technology > T Technology (General)
JEL classification:	F - International Economics > F1 - Trade > F13 - Commercial Policy; Protection; Promotion; Trade Negotiations; International Trade Organizations F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O34 - Intellectual Property Rights: National and International Issues
Date Deposited:	16 Jan 2024 15:30
Last Modified:	16 Jan 2024 15:30
URI:	http://eprints.lse.ac.uk/id/eprint/121295

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