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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Trade, innovation and optimal patent protection
Organization Unit
  • David Hémous
  • Simon Lepot
  • Thomas Sampson
  • Julian Schaerer
  • English
Institution Centre for Economic Policy Research
Series Name CEPR Discussion Papers
Number 18598
ISSN 0265-8003
Number of Pages 80
Date 2023
Abstract Text 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.
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Additional Information Auch publiziert als CESifo Working Paper No. 10777.