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D0E29 L11 - D0E29 Theory of Economic Growth Lecture 11...

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D0E29 - Theory of Economic Growth Lecture 11 Spring term 2008 Anna Salomons A. Salomons ( CES, KU Leuven) D0E29 L11 1 / 34
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Today°s class Guidelines for the assignment Introduction to the topic Growth & Intellectual Property Rights Summary of "Intellectual Property Rights and Economic Growth" ) readings: Intellectual Property Rights and Economic Growth A. Salomons ( CES, KU Leuven) D0E29 L11 2 / 34
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Guidelines for the assignment A. Salomons ( CES, KU Leuven) D0E29 L11 3 / 34
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Guidelines Write alone, or in groups of max. 4 students. Max. length: 3 pages single-spaced. Counts as 20% of your ±nal grade. Structure: Start with a one paragraph summary of the article. Then sum up the main weaknesses you perceive (major comments ±rst, minor comments second). Also, when possible, suggest solutions to the weaknesses you mention. Lastly, sum up your opinion on the article. Note: it is better to ±nd two or three important weaknesses and convincingly explain why these matter rather than list a myriad of minor comments. A. Salomons ( CES, KU Leuven) D0E29 L11 4 / 34
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Guidelines Think of your audience as an editor of an important journal in the ±eld of economic growth: she wants to know what changes need to be made by the authors before the article can be published. Your comments would also be passed on to the article°s authors, so apart from highlighting the article°s main weaknesses, try to suggest how the authors can improve their paper. Although not necessary, the use of other sources is allowed. Neglecting to cite those sources results in a 0 grade. Deadline: email reviews to [email protected] by May 23rd . Failing to hand in a review in time will result in a 0 grade. A. Salomons ( CES, KU Leuven) D0E29 L11 5 / 34
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Introduction A. Salomons ( CES, KU Leuven) D0E29 L11 6 / 34
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Introduction Empirical interest in intellectual property rights (IPRs) has been revived by: New growth theory , pioneered by Paul Romer and others, since this emphasizes that IPRs are a condition for economic growth. The WTO°s TRIPS agreement , which requires a certain minimum of IPR protection in WTO countries. Economists do research about the e/ect of TRIPS on growth in both developed and developing economies. Falvey, Foster and Greenaway (2006) explore the hypothesis that e/ects of IPR on growth may not be uniform across countries of di/erent levels of development. A. Salomons ( CES, KU Leuven) D0E29 L11 7 / 34
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Summary of "Intellectual Property Rights and Economic Growth" A. Salomons ( CES, KU Leuven) D0E29 L11 8 / 34
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Research question Falvey, Foster and Greenaway°s research question is: What is the impact of stronger IPR protection on growth? A. Salomons ( CES, KU Leuven) D0E29 L11 9 / 34
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Theoretical framework Technology can be acquired through a range of channels: innovation, licensing, trade, FDI, imitation, piracy. These channels are not necessarily a/ected in the same way by increased IPR protection.
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