Trade, Innovation and Optimal Patent Protection

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 10777

Classification and Topics

• Classification: Wirtschaft ; Trade Policy; International Trade Organizations ; Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection ; Intellectual Property and Intellectual Capital
• Subject: trade policy ; innovation ; growth ; patents ; TRIPS

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Hémous, David ; Lepot, Simon ; Sampson, Thomas ; Schärer, Julian
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2023

Further information

• Handle: http://hdl.handle.net/10419/282465
• Last update: 10.03.2025, 11:44 AM CET